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

Ogive curve.., will the ogive curve eventually decrease?

will the ogive curve eventually decrease?

Description of sample at baseline, Description of Sample at Baseline 1...

Description of Sample at Baseline 1. Describe the sample characteristics and baseline values, comparing the two groups'characteristics. With any analysis, the first step

Calculate the maximum hourly rate, Question: Sharp Discounts Who...

Question: Sharp Discounts Wholesale Club has two service desks with one server at each desk. There is one desk at each entrance of the store. Customers arrive at each

Calculate regression analysis, Questions In a regression analysis, a nu...

Questions In a regression analysis, a nurse researcher found a correlation of .82 between pain relief scores and satisfaction with nursing care. She also calculated the follow

What is an irrevocable letter of credit?, What is an irrevocable letter of ...

What is an irrevocable letter of credit? A permanent mail of credit score is a financial instrument used by banks to guarantee a customer's obligations to a supplier. It is perm

Hydrogen, Can Hydrogen be liquefied at room temperature

Can Hydrogen be liquefied at room temperature

Profit margin (return on sales), Hugh Snore Bedding, Inc. has assets of $40...

Hugh Snore Bedding, Inc. has assets of $400,000 and turns over its assets 1.5 times per year. Return on assets is 12%. What is its profit margin (return on sales)?

Calculate the investments through model, Anna is considering investing $150...

Anna is considering investing $150,000 by dividing it into three investments. But she is not sure how much to put in each one. The first investment is known to follow a uniform dis

Survival analysis and regression for rates, This assignment counts for 40% ...

This assignment counts for 40% of the total grade for the subject. There are 100 marks for the assignment. Including figures and tables, it should be no more than 10 pages. Yo

Accounting for partnerships and limited liability companies, Tim Snyder and...

Tim Snyder and Jay Wise have decided to form a partnership. They have agreed that Snyder is to invest 30000 and Wise is to invest 40000. Snyder is to devote full time to the busi

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