Payment side of cash book overcast
Answers
Answer:
100. In case the credit side of the cash book is overcast then that means excess amount has been shown as paid and hence should be added back while calculating balance as per pass book in case of Bank reconciliation statement.
Answer:
The debit side of the cashbook denotes Receipts and the Credit side denotes Payments.
Explanation:
When estimated numbers are lower than actual numbers, this is referred to as being undercast. Sales, expenses, revenue, cash flows, and any other financial account or measure are examples of estimates that can be valued.
Accurate data are referred to by the accounting words understated and overstated. Overstated data are sometimes referred to as overcast, and understated figures are also referred to as undercast.
Thus, overcasting occurs when the estimated value ends up being higher than the actual or realised value. Undercasting, which occurs when a forecast is made too low, can be compared to overcasting.
To learn more about cashbook visit
https://brainly.in/question/10038439
https://brainly.in/question/23575599
#SPJ3