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Give some reasons for disagreement of the balances between
cash and pass book.
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Answer / ullas patil kulkarni
The disagrement of the balance between cash and pass book
is the late entry made by the banks and the individual who
maintains cash book.
Eg. cheque paid but not credited in the pass book?
This entry is passed in the cash book imediately when he
issue the cheque but in the pass book this entry is passed
only when bank credit the amount to the Account.
| Is This Answer Correct ? | 20 Yes | 3 No |
Answer / mubin memon
Reasons
i) Cheques issued but not present into bank for the Payment / Unpresented Cheques / Outstanding Cheques / Unpaid Cheques
ii) Cheques deposited but not shown in the Bank Statement / Uncleared Cheques / Uncredited Cheques / Cheques in Transits/ Cash deposited on Last day not shown in Bank Statements/ Deposits in Transits
iii) Bank Errors As per Situation
iv) Direct Deposits by Customer
v) Bank / Collection / Service / Cheque Book Charges or Zakaat deducted or debited by bank not recorded in Cash Book
vi) Markup / Interest / Profit / Credit given by Bank not recorded in Cash Book
vii) Collection of Income From Property / Dividend / Bill of Exchange / Promissory Notes by Bank not recorded in Cash Book
viii) Payment of Insurance Premium / Subscriptions / Bill of Exchange / Promissory Notes by Bank not recorded in Cash Book
ix) Cheques Dishonoured (Bounced)
x) Cash Book Errors
| Is This Answer Correct ? | 13 Yes | 3 No |
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