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difference between cash book and bank book?
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Answer Posted / sneha
Cash Book
1. It is written by the depositor.
pass book
1. It is written by the bank but remains in the depositor's possession.
cash book
2. Money deposited is recorded on the debit side and money withdrawn on credit side.
pass book
2. Money deposited is entered on the credit side and withdrawn on the debit side.
cash book
3. A check deposited for collection is recorded on the date of deposit.
pass book
3. It is recorded on the date when it is actually collected from the debtor's bank.
cash book
4. A check when issued to a creditor is recorded on the date of issue.
pass book
4. It is recorded when it is paid by the bank to the creditor.
cash book
5. Its debit balance shows cash at bank and credit balance shows bank overdraft.
pass book
5. Its debit balance shows bank overdraft and credit balance shows cash at bank.
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