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  • INTERVIEW QUESTIONS ACCOUNTS ACCOUNTING DETAILS
    Question :
    What is shadow balance?
    Category Accounting Interview Questions
    Rating (0.3) By 23 users
    Added on 8/10/2011
    Views 271
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    Answers:

    Shadow 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.



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