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    Joe 1's Avatar
    Joe 1 Posts: 1, Reputation: 1
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    #1

    Mar 17, 2010, 11:49 PM
    How would you know if bank in a trial balance is favourable or unfavourable ?
    Hi

    I'm trying to answer an assignment question .Can you please explain how would you know if 'bank' in a trial balance is favourable or unfavourable ?
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Mar 18, 2010, 01:13 AM

    DEBIT BALANCE = Favourable.
    CREDIT BALANCE = Unfavourable.

    In the Balance Sheet the Debit Balance is a Current Asset.
    In the Balance Sheet the Credit
    Balance is a Current Liability.
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