Answer Posted / mefoy
It is statement that shows the causes of difference between
pass book and cash book balances.
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Define control account Thanks
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an amount deducted from the catalog price for an item of merchandise is called?
Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
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