What is shadow balance?
Submitted by: AdministratorShadow Balance in bank accounts is the balance unto which the subsequent debits can be posted.
Shadow Balance = Book Balance - Debit (yet to be authorized for posting).
Example: Book balance is 1000. There is a debit of 500. The debit is posted in the system and is sent for authorization. Now the Account shows a Shadow Balance of 500.
Submitted by: Administrator
Shadow Balance = Book Balance - Debit (yet to be authorized for posting).
Example: Book balance is 1000. There is a debit of 500. The debit is posted in the system and is sent for authorization. Now the Account shows a Shadow Balance of 500.
Submitted by: Administrator
Read Online Accounting Job Interview Questions And Answers
Top Accounting Questions
☺ | Define Tally Accounting |
☺ | How can you do credit control? |
☺ | How to prepare finalization accounts? |
☺ | What is Service Tax & Excise? How will it be charged? |
☺ | What does the abbreviation dr mean in accounting? |
Top Accounts Categories
☺ | Accounting Interview Questions. |
☺ | Accounts Payable Interview Questions. |
☺ | Senior Accountant Interview Questions. |
☺ | Junior Accountant Interview Questions. |
☺ | Audit Interview Questions. |