Differences between a cash book and bank passbook, accounting, Basic Statistics

State the main reason because of which the differences between a Cash Book and Bank Passbook.

Ans. The difference can be stated as follows

a) Sometime cheque issued to party on time but they make a delay in depositing to their Bank for further realization in their account, while issuing the cheque reduces the Bank Balance in Cash Book’s Bank Column but in Bank Passbook the balance will change only when the issued cheque come arrive for collection.

b) Sometime some receipt entries credited by bank, which have been directly sent by parties but trader only come to know when it get his passbook updated.

c) Sometime few charges like Cheque collection charges, Folio Charges, Bank Interest is debited or credited by bank, but a trader come to know only after he gets the passbook updated.
Posted Date: 3/26/2012 1:00:55 PM | Location : United States







Related Discussions:- Differences between a cash book and bank passbook, accounting, Assignment Help, Ask Question on Differences between a cash book and bank passbook, accounting, Get Answer, Expert's Help, Differences between a cash book and bank passbook, accounting Discussions

Write discussion on Differences between a cash book and bank passbook, accounting
Your posts are moderated
Related Questions
A girl named Alice fell asleep during a discussion about the difference quotient. She did not think it could possibly have anything to do with real life. While dreaming she saw

Differentiate between Historigrams and Histogram

Y=C+1075x,when x was 2, and y was 239, given that y intercept was 11. calculate the residual.

Data   If you look at the Variable view (at top of screen - select View and select variables), you will see the names of variables and information about each one.  The lab

When selling books through insaltalments and internet, what is an alternative selling method for better revenue recording?


An employer provides taxable fringe benefits of $11,000 (GST inclusive) for his employees during the relevant period, all being for creditable purposes and input tax credits of

A box contains 20 fuses of which 5 are defective If 2 fuses are chosen together at random what is the probability that both the fuses are defective?ion..


how to find Contribution Margin