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1.cheques issued to creditors but not presented for payment
2.cheques recieved from debtors depositted in to bank and not credited by the bank
3.cheques written and entered in the pass book but not issued by mistake
4.cheques received and entered in the pass book but not depositted in to the bank
Wiki User
∙ 12y ago
Anonymous
Why cash book differ from the bank statement
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What are the common sources of difference between the balance per book and the balance per bank statement?
Balance per book is company's record and balance per bank is banks record on the bank reconciliation.
What is the importance of a bank reconciliation statement?
In order to see the difference between a bank balance and cash book,and see whether cheques or deposit made all appear in the bank statement
What is the importance of bank reconciliation statement?
In order to see the difference between a bank balance and cash book,and see whether cheques or deposit made all appear in the bank statement
The process of analyzing the different between the bank statement balance and the checkbook balance is?
Bank reconciliation
Discuss why there is a difference between cash book and bank statement balance in bank reconciliation?
What do we write in entry account heading in bank reconcilation statment " deposit not shown in bank "
Why there is a difference between cash book and bank statement balance in bank?
There may not be difference between cashbook and bank statement balance in bank if all the payments and remittances are debited and credited in the bank account on the month itself.It may not be possible under certain circumstances. For example if a check has been paid to the customer and if the customer has not deposited the check in his/her account naturally the bank account will show an excess balance corresponding to the check in question.Similarly if a check remitted in the account needs clearing from other bank there also possibilities for difference.
What is the process of analyzing the differences between the bank statement balance and the checkbook balance is?
The process is bank reconciliation.
Why there is a difference between cash account in the campony's book and bank statement balance in bank?
The cashbook (account) in the company's books reflects all cheques written to suppliers and all cheques received from customers. However, the bank statement balance shows only cheques that have cleared. So at any date there can be a difference between the cashbook and the bank statement, comprising of cheques issued and/or cheques received but yet to clear and be debited/credited to the bank balance. There may also be differences due to accounting errors or omissions. In doing a bank reconciliation these differences can be identified and corrected.
Why there is a difference between a cashbook balance and and a bank statement balance?
Difference between both statements may occure due to many reasons like delay in clearance of cheque from bank, bank service charges deducted by bank automatically and other many day to day transactions and that's why it is required to reconcile from time to time.
What does exactly bank reconciliation statement mean?
it means that it show the difference between the cash book and bank statement
What is bank reconciliation?
Bank reconciliation is the act of settling differences contained in a bank statement and the cash account in the books of the bank's customer. Once completed, the adjusted bank balance must prove to the adjusted book balance. When it does, it indicates that both records are correct. Journal entries are then prepared to update the records and to arrive at an ending balance in the cash account that agrees with the ending balance in the bank statement.
How do you calculate a balance on a check register?
With the use of a latest bank statement from your bank or off of an Internet bank statement, check off all transactions on your check register listed from your bank statement. After all cleared transactions have been checked on register, add all non- cleared (non-checked) debit items. Add all non-added or non-listed deposits with current checking balance from statement. Subtract the balance of the non-checked debits from the balance of the non-checked deposits & checking statement balance. Your difference should match check register balance.
