Banks make money through interest, along with various fees that vary between banks.
There will be no entry in cash book when cheque is paid into bank if cash was deposited into bank then there will be entry in cash book
Late Lodgement is a receipt written in cash book but was paid to the bank after the bank statement was prepared. Hence, it does not appear in the bank statement that was prepared before the receipt was paid to the bank.
Salarys are paid through the bank.
The money has to be paid out on demand.
bank a/c to cash a/c
Yes - If your bank has not yet paid the cash No - If your bank has already paid the cash
No. A person's salary can be paid only into a bank account that is held by the person to whom the salary is paid. For ex: if I work ABC company and get a monthly salary of USD $3000, the money can be credited only into a bank account that has my name as the account holder. It cannot be paid into your bank account.
A cheque that was not paid by the bank
The bank receives the title until the loan is paid. If the loan is paid off then you receive the title.
certainly NOT, IF you AND the bank agree that it is paid in full. It appears the bank doesnt agree with that part. Call a local attorney for state specific advice.
[Debit] Tax paid [Credit] Cash / bank
Generally wages and salaries are paid directly into your bank account.