If the there is a favourable bank balance which journal is it going to affect? Which side will be affected on the bank's records?
submitted by Tsetsane

Tilly Mook

A favorable bank balance means the bank has more funds than expected. It's reflected as a credit in the bank's books because it's an increase in liability (or asset, depending on the context). So, the bank's records will show a credit entry on the bank side.

Kansas Candice

If the bank balance is favorable is means there's more money than before. That usually shows up on the credit side of the bank account since it's an increase.