Question

State any three reasons for difference between balance as per cash book and pass

book​

Answer 1

Reasons for difference in Pass Book and Cash Book Balances

Cheques issued but not yet presented for payment in the bank.

Cheque paid into the bank for collection but not yet credited/collected by the bank.

Cheques paid into the bank for collection but dishonoured by the bank.

Interest allowed by the bank.

Interest and dividend collected by the bank.

Direct payment through bank.

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