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

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

Assignment Help:

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.

Related Discussions:- Differences between a cash book and bank passbook, accounting

Psy1110 Module 2, Which of the following does Utts consider a disaster in s...

Which of the following does Utts consider a disaster in sampling?sk question #Minimum 100 words accepted#

Analyze anova , A nurse researcher is investigating the effect of timing of...

A nurse researcher is investigating the effect of timing of standard pain control interventions on severity of pain in adolescents with sickle-cell disease. She establishes three

Definition of capital lease as a financial arrangement, Definition of capit...

Definition of capital lease in term of financial arrangement whereby a lessee pays rental for asset. Capital lease is a financial arrangement underlying a agreement where a lesse

Calorimetry, How do I calculate the temperature change of a sample?

How do I calculate the temperature change of a sample?

Logariths, log4(4/16x+4)=54

log4(4/16x+4)=54

Internatinal business, VK Ltd a multi-product Company, furnishes you the fo...

VK Ltd a multi-product Company, furnishes you the following data relating to the year 2000 First Half of the year Second Half of the year Sales Rs. 45,000 Rs. 50,000 Total Co

Pie chart, Ask quwhat is itestion #Minimum 100 words accepted#

Ask quwhat is itestion #Minimum 100 words accepted#

Marketing research field surveys, In marketing research field surveys ar...

In marketing research field surveys are commonly used to collect primary data from the respondents. 1. Through Personal Interviews: The investigator follows a rigid proced

Explain correlation coefficient, Q. Explain Correlation Coefficient? A...

Q. Explain Correlation Coefficient? Ans. The strength of a linear correlation is determined by how precisely the y variable shifts as the x variable increases. The two pi

Veen diagram, explanation

explanation

Write Your Message!

Name

Email id

Message

Verfication Code

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd