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What is the reason for the difference between the cash book balance and pass book balance?
Wiki User
∙ 14y ago
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
Wiki User
∙ 14y ago
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