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

Compute the value for the test statistic-spss, A number of years ago the Am...

A number of years ago the American Academy of Pediatrics recommended that tetracycline drugs not be used for children under the age of 8. Prior to this recommendation, a two-year s

Taxation law, An employer provides taxable fringe benefits of $11,000 (GST ...

An employer provides taxable fringe benefits of $11,000 (GST inclusive) for his employees during the relevant period, all being for creditable purposes and input tax credits of

Biostatistics, I need the following exercises done by March 19th at 11:59pm...

I need the following exercises done by March 19th at 11:59pm: 4.4, 4.6, 4.8, 4.10, 4.14, 4.18, 4.26, 4.28. On pages 198-205

estimate the mean chloride concentratio, An article in the Journal of Env...

An article in the Journal of Environmental Engineering (Vol. 115, No. 3,1989, pp. 608-619) reported the results of a study on the occurrence of sodium and chloride in surface str

Dr. s.n.de, uses of time series with example

uses of time series with example

Assingment, #question:how cost classification can helpful for planning, con...

#question:how cost classification can helpful for planning, controlling and decision making

Spectrum, example for pure and impure spectrum

example for pure and impure spectrum

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

difference between tests of goodness of fit & tests of independence

Probability, A manufacturer of VCRs plans to purchase a particular componen...

A manufacturer of VCRs plans to purchase a particular component from suppliers A, B and C. 30% of the components are to be purchased from A, 20% from B and 50% from C. In the past,

Gfg, fgf

fgf

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