Accountancy, asked by s136718038, 4 months ago

state between two reason about cash book and bank passbook​

Answers

Answered by Anonymous
10

The differences between the cash book and the bank passbook is caused by: timing differences on recording of the transactions. errors made by the business or by the bank. When cheques are issued by the firm to suppliers or creditors of the firm, these are immediately entered on the credit side of the cash book.

Answered by arpitasinghchauhan8
6

Answer:

Bank charges and commission charged by the bank

Such charges and commission are debited in the passbook but no entry is recorded in the cash book unless the firm obtains the passbook from the bank and record these entries. This will cause the difference between the two balances.


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