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how could we reconcile the cash book balance with pass book
balance by pass book Dr. balance with pass book method?
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Answer / ravi
by preparing bank reconsilation statement reconciling
the cash book balance with pass book balance this
difference araises when
eg - cheques deposited but not yet collected
cheques issued but not presented for payment
in simple words we can say that difference between cash
book balance&pass book balance
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / nivedita paunikar
Easy solution is do the Bank Reco. Compare the entires in
our book with the bank statement and Vise - a - versa.
Reason for differences :
1. Charges debited by bank but no entry in our books.
2. Cheques deposited but not cleared in bank.
3. Cheque issued but not presented in bank for payment.
| Is This Answer Correct ? | 2 Yes | 0 No |
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