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both of the books record only cash transactions!!

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13y ago

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How do bank prepare bank reconciliation statement?

just you have to make the balance equal of cash & pass book ie through econciling the transaction by entering into pass book which is not entered in cash book


What is the reason for the difference between the cash book balance and pass book balance?

First of all you should know who has which book with them. first one the cash book is with the banker and the pass book is with the consumer that means the account holder of that bank. when bank deposits the interest earned by the customer and pays any bills of customer's then it will amke changes in the cash book. Now because the passbook is with the customer and he is not aware of the interest earned and payment of bill there occurs the difference


Is cash float included in the bank reconciliation statement?

Bank Reconciliation is prepared to know differences between bank book and passbook, when we do the bank reconciliation will get mainly four differences1. cheques deposited in bank account but not...Accountant....or the account's holder it self... accountant just you have to make the balance equal of cash & pass book ie through econciling the transaction by entering into pass book which is not entered in cash book.When the balances of our Cash Book and Pass Book do not agree, we prepare a Bank Reconciliation Statement. A Bank Reconciliation Statement is prepared periodically to reconcile the two balances and..


What are the items one should check during bank reconciliation?

Updated Bank Pass Book and Company's Cash Book.


Who prepares the bank statement?

bank prepares a bank statement ..one copy of bank statement is with us called cash book and other is with bank called pass book

Related Questions

How do bank prepare bank reconciliation statement?

just you have to make the balance equal of cash & pass book ie through econciling the transaction by entering into pass book which is not entered in cash book


What is the reason for the difference between the cash book balance and pass book balance?

First of all you should know who has which book with them. first one the cash book is with the banker and the pass book is with the consumer that means the account holder of that bank. when bank deposits the interest earned by the customer and pays any bills of customer's then it will amke changes in the cash book. Now because the passbook is with the customer and he is not aware of the interest earned and payment of bill there occurs the difference


Is cash float included in the bank reconciliation statement?

Bank Reconciliation is prepared to know differences between bank book and passbook, when we do the bank reconciliation will get mainly four differences1. cheques deposited in bank account but not...Accountant....or the account's holder it self... accountant just you have to make the balance equal of cash & pass book ie through econciling the transaction by entering into pass book which is not entered in cash book.When the balances of our Cash Book and Pass Book do not agree, we prepare a Bank Reconciliation Statement. A Bank Reconciliation Statement is prepared periodically to reconcile the two balances and..


Difference between a cash book balance and bank statement?

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


What are the items one should check during bank reconciliation?

Updated Bank Pass Book and Company's Cash Book.


Why do people go to bank?

People go to bank to do banking. Withdrawal of cash, deposition of cash or cheque and updating the pass book etc come under banking services.


Who prepares the bank statement?

bank prepares a bank statement ..one copy of bank statement is with us called cash book and other is with bank called pass book


Who prepares bank statement?

bank prepares a bank statement ..one copy of bank statement is with us called cash book and other is with bank called pass book


How can you pass entry for cash payment?

cash dr. to party.


How do you pass journal entry for cash in hand?

Debit cash in handCredit bank


What is the full meaning of correspondence?

Friendly intercourse; reciprocal exchange of civilities; especially, intercourse between persons by means of letters., The letters which pass between correspondents., Mutual adaptation, relation, or agreement, of one thing to another; agreement; congruity; fitness; relation.


How do you pass journal entry for cash sales?

Cash a/c Dr. To Sales a/c