Question

cheque received from Johnson ₹5,000/- deposited into bank. bank i intimates that it was dishonoured. but it is not recorded in cash book. identify the type of error?
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Answer 1

Answer:

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A Bank's Balance Sheet. A balance sheet is an accounting tool that lists assets and liabilities. ... The net worth is the asset value minus how much is owed (the liability). A bank's balance sheet operates in much the same way. A bank's net worth is also referred to as bank capital.

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