Reasons of difference in balance of passbook and cashbook
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The relationship between the customer and the banker is that of a creditor and a debtor. So, if the bank columns of the cash book show a debit balance as on a specified date, the bank statement should show an equal amount of credit balance as on that date and vice-versa.
a) Cheques received from customers and deposited may not have been collected by the banker.
b)Collection charges, service charges and interest on overdraft charged by the banker. The business can ascertain the exact amount of charges and record them in the cash book only after the receipt of the bank statement.
c) Deposits may have been directly made by the customers into the bank account of the enterprise
d)Cheques issued by the business to its suppliers or other parties may not have been presented for payment.
e)Wrong entries made by the business in the Cash Book or errors committed by the bank in its ledger.
f)Dishonour of customers cheques deposited in the bank account.
a) Cheques received from customers and deposited may not have been collected by the banker.
b)Collection charges, service charges and interest on overdraft charged by the banker. The business can ascertain the exact amount of charges and record them in the cash book only after the receipt of the bank statement.
c) Deposits may have been directly made by the customers into the bank account of the enterprise
d)Cheques issued by the business to its suppliers or other parties may not have been presented for payment.
e)Wrong entries made by the business in the Cash Book or errors committed by the bank in its ledger.
f)Dishonour of customers cheques deposited in the bank account.
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