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

Logistic regression model, Model 1: Let's consider the logistic regression...

Model 1: Let's consider the logistic regression model, which we will refer to as Model 1, given by log(pi / [1-pi]) = 0.25 + 0.32*X1 + 0.70*X2 + 0.50*X3

Introduction to finance and accounting, How can I use a balance sheet to do...

How can I use a balance sheet to do assignment with some adjustment? do I have to make transaction of each adjustment, and after that I change the balance sheet afterward?

Find out the maximum travel distance per trip, Tchebyshev Distance (Maximum...

Tchebyshev Distance (Maximum Travel Distance per Trip Using Rectilinear Distance): It can be calculated by using following formula: d(X, Pi) = max{|x - ai|, |y - bi|} = ma

Marginal and absorption costing, the guinegog is a trader in portable cd-ma...

the guinegog is a trader in portable cd-man. His budgeted output is 5000 units per quarter. The following data was available for the year 1998: Direct labour @ $6 Direct material @

examine the distributions of the sample data, A second file on DocDepot na...

A second file on DocDepot named Marks.mtp contains the final exam percentages of students in ADM2304A in the Fall 2011 semester. Assume that the class can be considered a random sa

Standard deviation, define standard deviation. their purpose,uses,advantage...

define standard deviation. their purpose,uses,advantages nd disadvantages,examples ,formula for grouped and ungrouped.

How many trucks get washed between smokes, A. Northbound trucks leaving Hel...

A. Northbound trucks leaving Helmand Province with USMC communications equipment must go through a washing process before getting underway, so as to prevent Tajikistan from gett

#13, A survey showed that 80% of the 1600 adult respondents believe in glob...

A survey showed that 80% of the 1600 adult respondents believe in global warming. Construct a 95% confidence interval estimate of the proportion of adults believing in global warmi

Simple Random Selection, What is the properties of a simple random sample w...

What is the properties of a simple random sample when 50 females are numbered 1 through 50, and males are numbered 51 through 100?

Venn diagrams, how do i solve questions with venn diagrams

how do i solve questions with venn diagrams

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