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

Homogeneity, Let f (?) be the production function associated with a single-...

Let f (?) be the production function associated with a single-output technology, and let Y be the production set. Show that Y satisfies constant returns to scale if and only if f (

one-way anova and hypothesis , Suppose we wanted to compare the somatic co...

Suppose we wanted to compare the somatic complaints (as measured on a scale known as the Physical Symptom Survey or PSS) of three groups of people; nonsmokers, smokers, and people

Read the passage below. What kind of variables are these — n, To examine a ...

To examine a program for educating health professionals in a sports injury clinic about the importance of keeping detailed medical records, a researcher does a controlled trial i

Homework, Problems 15. An art professor was interested in seeing what si...

Problems 15. An art professor was interested in seeing what size group is best to prime the pump so to speak to encourage strangers to gather together in front of various exhibi

Jovian moons more geologically active than rocky planet, Why are Jovian moo...

Why are Jovian moons more geologically active than small rocky planets? - Ices deform and melt at much lower temperatures than rock, allowing icy volcanism and tectonics at sur

Absorption costing and marginal costing, 2. From the following cost, produc...

2. From the following cost, production and sales data of Decors Motor Ltd., prepare comparative income statement for three years under (i) absorption costing method, and (ii) margi

Statistical inference is that branch of statistics, Statistical inference i...

Statistical inference is that branch of statistics Statistical inference is that branch of statistics which is concerned with using probability concept to deal with uncertainty

Who is APPROVING MANAGER , APPROVING MANAGER An individual within an agenc...

APPROVING MANAGER An individual within an agency who is responsible for assigning buy card custodians and developing buy card limits within the organization.

Psy 1110 Ohio University, do you give the answers with the way you figured ...

do you give the answers with the way you figured the problem out?..

Write Your Message!

Captcha
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!

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