how could we reconcile the cash book balance with pass book
balance by pass book Dr. balance with pass book method?
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Answer / ravi
by preparing bank reconsilation statement reconciling
the cash book balance with pass book balance this
difference araises when
eg - cheques deposited but not yet collected
cheques issued but not presented for payment
in simple words we can say that difference between cash
book balance&pass book balance
Is This Answer Correct ? | 5 Yes | 0 No |
Answer / nivedita paunikar
Easy solution is do the Bank Reco. Compare the entires in
our book with the bank statement and Vise - a - versa.
Reason for differences :
1. Charges debited by bank but no entry in our books.
2. Cheques deposited but not cleared in bank.
3. Cheque issued but not presented in bank for payment.
Is This Answer Correct ? | 2 Yes | 0 No |
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