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

What is accounting system , The methods and records established to recogniz...

The methods and records established to recognize, set up, evaluate, move, record, and report the state’s purchases and to maintain responsibility for its obligations and resources

Pearsons chi square, difference between tests of goodness of fit & tests of...

difference between tests of goodness of fit & tests of independence

Time series , what is the importance of time series

what is the importance of time series

Yujhug, An electron, an alpha-particle and a proton have the same kinetic e...

An electron, an alpha-particle and a proton have the same kinetic energy. Which one of these particles has the largest de-Broglie wavelength ?

Interpolation and extrapolation, What is meant by interpolation and extrapo...

What is meant by interpolation and extrapolation. State the assumptions used for interpolation and extrapolation

Accounting for inflation, Accounting for inflation Inflation sales is a ter...

Accounting for inflation Inflation sales is a term reporting a range of sales systems designed to correct problems that comes from traditional cost sales in the use of inflation. I

Transfer pricing, methods of transfer princing

methods of transfer princing

Find out the value to the firm and wacc , 1. HV Inc. is trying to determine...

1. HV Inc. is trying to determine the optimal time to undertake a product expansion. The project will require an initial investment of $15M and the firm has a WACC of 3%. The expan

Impulse-momentum theorem, Impulse and Momentum Theorem Impulse is known...

Impulse and Momentum Theorem Impulse is known as the change in momentum of any object: j = Δ p Momentum is a product of the mass & the velocity of an object, and is a v

Measurement of central tendency, assignement

assignement

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