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Shadow Balance

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(Querist)
19 May 2011 What is the meaning of Shadow balance in banking term.

Someone transfer from his account some balance then his account was showing shadow balance?

What is this?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
19 May 2011 Shadow Balance in bank accounts is the balance is not yet have been verified/authorized/approved. It is the unclear balance.

Say my bank balance is Rs 20000/- and i deposit a cheque of Rs 5000/-.

Here shadow balance will be Rs 5000/- till the cheque get approved.
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Jyoti

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Jyoti (Querist)
19 May 2011 Thank You!
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