Question

Rules of preparing cash book and pass book?

Answer 1

Answer:

Rules of preparation are same for cash book and passbook. You should know the opening balance on day 1 , payments made, receipts and then arrive at closing balance

Explanation:

Answer 2

Answer:

Passbook is issued by the bank to the account holder that records the deposits and withdrawals. Cash book is prepared by the firms whereas Passbook is written by banks and retained by the customer. In cash book, the receipts will be shown on the debit side while payments are entered in credit side