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what is credit balance of bank define briefly???
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Answer / bilal gulzar mir
credit Balance means that it is obligation up on the bank
to pay that balancing amount when ever demanded by the
account holder . so in short it is an asset for the account
holder and liability for the Bank ........
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Answer / vijay
credit side of bank account is a asset or liability ?
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Answer / shiva
Credit Balance means Favourable or Available Balance in our
A/c.
| Is This Answer Correct ? | 1 Yes | 2 No |
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