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What is shadow balance sheet?How differs from normal balance sheet?is there any specification in IFRS AND IAS regarding this?

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Question added by Sridhar Rajagopal
Date Posted: 2014/10/27
Menerva Melad
by Menerva Melad , Account Executive, Key Accounts , Graphic Home Company

Shadow Balance in bank accounts is the balance upto which the subsequent debits can be posted upto. 

Shadow Balance = Book Balance - Debit (yet to be authorised for posting).

Example: Book balance is1000.  There is a debit of500. The debit is posted in the system and is sent for authorisation.  At this juncture the Account shows a Shadow Balance of500.  I hope I am clear.

Deleted user
by Deleted user

agreed with all ..................................

حسين محمد ياسين
by حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

Agree with Answers >>>>>>>>>>>>>>>>>>>>

Salah Othman Yousef Alshambaati
by Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

Agreed with the answers Mr. Ayman Mohammed Atef

ايمن محمد عاطف محمد
by ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

the balance sheet equation, represents the relationship between the assets, liabilities,andowner's equity of a business Assets=Liabilities+Owner's Equity

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