Accountancy, asked by gavy53, 1 year ago

causes of difference in cash book & pass book

Answers

Answered by gunjananand
0
Passbook is issued by the bank to the account holder that records the deposits and withdrawals. Cash bookis prepared by the firms whereasPassbook is written by banks and retained by the customer. ... Conversely, in passbook debit balance shows overdraft while the credit balance shows cash at the bank.
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