Question

credit side of cash book overcast by 200 what does this mean?

Answer 1

Hi friend,

Credit side of the cash book overcast its means that the expanse or expenditure is high than the debit side ( R.s 200). so, in BRS it will be Cash book ( - ) and pass book ( + ) ....i hope it helps

Answer 2

The expense or expenditure is high than the debit side ( ₹ 200). So, in BRS it will be Cash book ( - ) and pass book ( + )

Explanation:

At the point when the credit side of the money book is overcast, it implies that the costs or the uses for the firm have surpassed more than the aggregate of the debit side, causing an imbalance.

Here for our situation, its Rs.200, that implies money book (- ) and pass book (+) for example the overabundance sum that is appeared as paid should be included back while ascertaining into the balance sheet, in the pass book according to the guidelines of BRS, that is bank reconciliation statement.

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