--%>
Assignment Help - homework help

Shadow balance

Define the terms shadow balance?

E

Expert

Verified

The Shadow balance is that balance which is not so far apparent.

Let’s consider any company's situation.

Company has provided money to someone by a cheque. Then they have exhibited in their cashbook that money has been provided. Consequently the balance will exhibit lower. While the similar balance in bank account will appear higher.

The difference or disparity of unclear cheque is known as shadow balance.

Likewise for a cheque company has received is deposited in the bank account. In cashbook it will be exhibited as clear credit whereas it is yet to be cleared. That balance is termed as shadow balance.

   Related Questions in Financial Accounting

  • Q : Methods handling translation gains and

    How translation gains and losses are handled differently as per current rate method as compared to the other three methods, which is, monetary/nonmonetary method, current/noncurrent method, and the temporal method?

    		•
  • Q : Progressives The progressives were

    The progressives were fascinated in “making people better.” What types of things were they fascinated in changing and who were they aiming their changes at?

    		•
  • Q : Purpose of foreign branch bank Discuss

    Discuss the purpose of the foreign branch bank.

    		•
  • Q : Stigmatizing obesity Should obesity be

    Should obesity be stigmatized? Answer yes or no, summarize the discussion and explain your position.

    		•
  • Q : Comprehensive Problem in Accounting

    Accounting Comprehensive Problem The case involves one accounting cycle (regular journal entries, adjusting journal entries, preparing financial statements,

    		•
  • Q : Effects of foreigners portfolio

    Since early 1980s, foreign portfolio investors has purchased a considerable portion of the U.S. treasury bond issues.  Explain some short-term and long-term effects of the foreigners’ portfolio investment over the U.S. balance of payments.

    		•
  • Q : Identification of Responsibility Centre

    Identification of Responsibility Centre: Profit centre has been taken as the responsibility centre. Profit centre is the one in which both the revenue and costs are accounted for. The difference between them is the profit so the managers for this cent

    		•
  • Q : Political events affecting the local

    Discuss about the different ways in which the political events in the host country affects the local operations of MNC.

    		•
  • Q : Ppe Question 3 The following

    Question 3 The following information is taken from the financi al statements of an entity: 20x6 20x5 Property, plant and equipment $4,100,000 $3,600,000 Accumulated depreciation (1,400,000) (1,050,000) Depreciation expense 650,000 Gain on disposal of PPE 35,000 The asset disposed of had

    		•
  • Q : Prepare the journal entry to record the

    The Webster Company uses the aging method to estimate the allowance for doubtful accounts. The following schedule of accounts receivable was prepared as at December 31, 20x6: Age Balance % uncollectible 0-30 days $674,000 0.5% 31-60 days 186,000 1.2% <

    		•