Is a favourable bank balance an asset?

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Yasmine Ryan asked a question: Is a favourable bank balance an asset?
Asked By: Yasmine Ryan
Date created: Tue, Jul 27, 2021 10:38 PM
Date updated: Tue, Oct 4, 2022 12:39 PM

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Top best answers to the question «Is a favourable bank balance an asset»

A favorable bank balance is a balance from a bank statement that shows credit and is going to be debited in the bank account. Unfavorable is the opposite of this… Your bank account is an asset to the business, so a favourable bank account balance is on d credit side of d ledger.

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