What is meant by undercast and overcast in accountancy?
Explain with some transactions and their corresponding
journal entries.

Answer Posted / jayendra

overcast means to have any increase in bank balance of cash book . and undercast means to have decrease in the bank balance of cash book .
it will be also same for pass book balance.

Is This Answer Correct ?    130 Yes 36 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

im preparing for the sbi clerical post please send me the solved questions.

1794


what is span of shares

1493


What is outsider equity and time interest period ratio?

1455


When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm

1700


Mention some of the major contributions made by you in your present and previous jobs

5635






WHAT IS LIMITED REVIEW? WHY IT IS REQUIRE?

1674


What si the differance between REVENUE and PROFIT?

1489


what s BSPL and its significance?

3624


please specify some books name in preparing a bank exam apttirutude questions

1562


Short Answer on __________Revenue

1499


what is sales life cycle???

1531


Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?

1750


i need sbi bank clerk exam model question papers

1942


i did mba finance in 2010,but i came from life sciences to mba,i know in interview they ask y u came from sciences,so what i tell?pls reply me.

1820


Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry

1556