What are the reasons for difference between cash book and pass book
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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.
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Cash book keeps a record of cash transactions. Passbook is issued by the bank to the account holder that records the deposits and withdrawals. ... In cash book, the receipts will be shown on the debit side while payments are entered in credit side.
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