Question

Explain the cause of different in the cash book and pass book balances
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Answer 1

Answer:

Bank charges and commission charged by the bank

Bank charges and commission charged by the bankSuch charges and commission are debited in the passbook but no entry is recorded in the cash book unless the firm obtains the passbook from the bank and record these entries. This will cause the difference between the two balances

Answer 2

Such charges and commission are debited in the passbook but no entry is recorded in the cash book unless the firm obtains the passbook from the bank and record these entries. This will cause the difference between the two balances

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