Question

The Bank balance in the Pass
Book differs from the bank
balance in the Cash Book
when a cheque is issued but
not.........in the Bank.​

Answer 1

Answer:

There are many reasons because of which there is always some difference in passbook and cashbook balances:-

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

When a cheque is issued to a creditor by the firm, it is immediately recorded on the credit side of the bank column of the cash book. But the bank will debit the firm’s account only when this cheque is actually presented to the bank for payment. Generally, there is a gap of some days between the issue of a cheque and its presentation to the bank.

Step-by-step explanation:

I will give you one reason