difference between cash book and bank book?
Answers were Sorted based on User's Feedback
Answer / r.sivaraman
Cash Book: All cash transactions are entered in the cash
book straightway, and ledger accounts are prepared on the
basis of such records. Hence, Cash Book is considered as a
Subsidiary book. Cash book is again a ledger and a
principal book since, it serves as cash account and book
account, the balances of which are recorded in the traial
balance directly. Cash book has debit and credit sides.
All receipts are entered on the debit side and all payments
are enetered on the credit side. It is maintained under
the Double entry principle.
Feature of Cash Book:
1. All cash receipts are cash payments are entered
chronologically in the cash book
2. It never shows a credit balance
3. It serves both the functions of Jounal and Ledger
sumultaneously.
Is This Answer Correct ? | 108 Yes | 29 No |
Answer / prajaktashrikant
Cash Book is prepared by Propwriter. Pass Book is
prepare by Bank peoples. After transaction take place both
of them pass the Entries .
Cash Book shows Dr side Receipt & cr side Payment But in
pass book Dr side payment & cr side Receipt .
This 2 are measure difference between Cash Book & Pass
Book
Is This Answer Correct ? | 98 Yes | 25 No |
Answer / neena
Cash book deals with cash transactions and Pass book deals
with bank transaction. In Cash book we enter day to day
expenses incurred i.e., receipts and payment. Whereas in
pass book we enter all the day to day bank transaction
whether it is a cash, cheque or dd. In this credit
transactions also take place.
Is This Answer Correct ? | 80 Yes | 14 No |
Answer / gaurav
in cash book we deals in cash while in bank book we deals
with bank . in cash book we entered those entries rec. or.
paid by cash while in bank book, we entered the paymt or.
rec. through bank
Is This Answer Correct ? | 43 Yes | 18 No |
Answer / sourabh verma
In cash book : we write all entries which are done by us in
cash, whatever we receive & whatever we give.
In bank book : bank pass book handle by the bank. whatever
we deposit & whatever we withdraw.
Is This Answer Correct ? | 30 Yes | 14 No |
Answer / sanam
There is difference between cashbook & bankbook !
cashbook always be with person and passbook keep with bank
in cashbook we can enter our all transcation whatever we
buy goods or pay money for use but bankbook just we can
Deposite money we cant Deposite goods in to the bank.
cashbook is always Debit and passbook is Cerdit
Is This Answer Correct ? | 9 Yes | 3 No |
Answer / waqar jahandad
ABCDEF has withdrawn $100 from UVWXYZ bank, this
transaction will be recorded in both books. For the bank
the amount been paid goes to credit side and for the
accoutn holder it comes through debit side. Reconciliation
is to match both those records and adjust the missing
transactions.
Cash Book is the record for the account holder (the bank
customer) and Pass Book is record for the Bank (i.e, Banker)
Cash book and Pass book are like the newton's third law of
motion,"Every action has equal reaction but it is in the
opposite direction"
Is This Answer Correct ? | 10 Yes | 7 No |
Answer / ankit pansuriya
Cash Book: All cash transactions are entered in the cash
book straightway, and ledger accounts are prepared on the
basis of such records. Hence, Cash Book is considered as a
Subsidiary book. Cash book is again a ledger and a
principal book since, it serves as cash account and book
account, the balances of which are recorded in the traial
balance directly. Cash book has debit and credit sides.
All receipts are entered on the debit side and all payments
are enetered on the credit side. It is maintained under
the Double entry principle.
Feature of Cash Book:
1. All cash receipts are cash payments are entered
chronologically in the cash book
2. It never shows a credit balance
3. It serves both the functions of Jounal and Ledger
sumultaneously.
Is This Answer Correct ? | 5 Yes | 3 No |
Answer / shreekanth samala
the measure different between CB & PB,there are two sides
i.e dr & cr side in CB debit shows reciept & cr shows
payment but in PB vice- versa.....
for example:
if xyz deposite of Rs 10,000/- in abc bank then the
transaction one is dr side in CB i.e reciept but in PB cr
side i.e payment
Is This Answer Correct ? | 7 Yes | 5 No |
Can I pay to electric company in cash for a quotation where the amount is more than Rs20000?
What do u meant by Nifty? and how it is calculated?
what is the path of insurance calculation?
What is the criteria for appointment of a CS in a company?
what is rate of service tax and form no. of service tax ? wt rules of service tax a particuler once .?
I want to know that , If we called a person for one day for drive our company van or any other purpose. so how it will accounted in our (i.e companies) Books of accounts....
If you have a charitable parent company, limited by guarantee, and a trading subsidiary, which is also a company, which accounts will have to be prepared for the parent company?
what is bank of america
what is the difference between holding company and parent company
sir i want aao lic exam model question paper
Occasionally it is said that issuing convertible bonds is better than issuing stock when the firms shares are undervalued. Suppose that the financial manager of Decent Furniture Company does in fact have inside information indicating that the decent stock price is too low. Decent furniture earnings will in fact be higher than investor’s expectations. Suppose further that the inside information cannot be released without giving away a valuable competitive secret. Clearly, selling shares at the present low price would harm Decent’s existing shareholders. Will they also lose if convertible bonds are issued? If they do lose in this case, is the loss more or less than it would be if common stock is issued? Now suppose that investors forecast earnings accurately, but still under value the stock because they overestimate Decent’s actual business risk. Does this change your answer to the questions posed in the preceding paragraph? Explain.
What is Holding co.