difference between cash book and bank book?
- 18 Answers
- 82953 Views
- Accounting, College School Exams Tests, IBM, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
MY QUESTION IS THAT IS WHEY WE SELL THE UPS IN THE MARKET BUY FROM THE IMPORT WHAT THE DUTY WE WILL FORWARD TO THEM.
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.
hat is the meaning of the capital ique,and hat is capital,and ahat is ique
In the case of Internal Reconstruction of company Accrued Int. On debenture / Outstanding int. On debenture transfer or not in capital reduction a/c . Explain
I want to validate Customer credit payment with customer invoice, When billing time, the system check the customer credit payment, if customer credit is lesser than customer bill, system should not allow the billing further process. Can I configure in sap
How does a bank or financial institution calculate COGS? What are the 'direct' costs of a loan or deposit revenue operation?
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....
I am Simrat Kaur. I am persuing graduation from P.U. I have an experience of 14 months as a CSA. But i hav an experience letter of 6 months.But I can show my joinin letter of the other job. I hav knowledge of basics of computer & internet. Actually, m findin job in chandigarh. I am findin the right opportunity. so, Can u plz help me in findin the right job?? Can u plz tel me abt where interviews r goin on?
why your choseing bank of america
what is the abrevation for JJ in form jj
Is form 38 mandatory to issue c form in up. thru online mode
analyses of Cost control
Information regarding shop & establishment registration of propiertor ship & require document for this
Income Tax Department sends cheque for INR 2 Crore as Refund after completion of Assessment for A.Y.2011 - 2012 to a Company. As per IT Return filed for this year I.T. due to Government was INR 60 Lac but was assessed at INR 70 Lac. TDS due to Company was INR 3 Crore which was admitted as INR 2.7 Crore by Government. Government also adjusts Tax dues for A.Y. 2009 - 2010 of INR 40 Lac which was disputed earlier by the Company and Appeal was lying with the CIT. Government pays Interest to the Company amounting to INR 40 Lac. Provision for Income Tax made by the Company in its accounts for F.Y. 2010 - 2011 (A.Y. 2011 - 2012) was INR 50 Lac. What would be the Journal Entry at the time of receipt of Refund of INR 2 Crore from the Government in A.Y. 2014 - 2015 in the books of the Company?
when will be appsc exams will held pls give me the dates
