If the statement of financial position shows a bank balance of £43,000, then the bank T account will have a debit balance of £43,000 at that date.

Name: If the statement of financial position shows a bank balance of £43,000, then the bank T account will have a debit balance of £43,000 at that date.
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In accounting, a bank balance shown as an asset on the statement of financial position indicates a debit balance in the bank T account.

If the Statement of Financial Position Shows a Bank Balance