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
Two researchers test the same hypothesis. Researcher A rejects the null hypothesis and researcher B fails to reject the null hypothesis.  Discuss three reasons that could cause the

All procedures that discover, recognize history, move, sustain, and review economical information to either generate economical statements or to provide inner control.

Difference between Historigrams and Histogram

The game of "Bunco" is played with three standard dice. "Bunco" occurs when all three dice show the same number of spots. What is the probability of tossing a "Bunco" on the first




Regression line drawn as Y=C+1075x, when x was 2, and y was 239. Given that y intercept was 11. Calculate the residual

the near point of hypermetropic person is 75cm if the person uses eyeglasses having power +1.0 D,calculate the distance of distinct vision

Mean The mean is commonly the most significant of all the numerical measurements used to describe data, and it is what the most people call an average. Example  Find