Payment side of cash book undercast by Rs. 1500 .
Why is the above statement deducted in the BRS when the blance is as per Cash book. Please explain
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Above statement will be deducted in BRS because cash balance is showing more than actual closing cash balance by Rupees 1500 because payment side is undercast by the said amount.
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0
Answer:
payment side is undercast means that the cashbook balance is more in comparison to p/b bal. So in order to make the p/b and c/b equal we need to deduct the balance .
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