what is the effect of bank charge at the time of overdraft balance as per pass book....while on cash book recoreded that with Rs. 50 on cash book....but bank recorded it's by Rs.25...can anyone help me about this doubt..
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Explanation:
Overdraft as per the cash book means that the amount is overdrawn. A cheque of Rs 500 is deposited into the bank but not recorded in the cash book means that the balance of cash book shows a higher overdraft balance because if the entry of Rs 500 was made then the overdraft balance will get reduced by Rs 500.
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