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.
The remaining statement balance is the amount left to pay after the statement balance has been paid. The statement balance is the total amount due on your account at the end of the billing cycle.
Your current balance is the total amount you owe on your account at the moment, while your remaining statement balance is the amount you still need to pay from your last billing statement.
The statement balance is the amount you owed at the end of the last billing cycle, while the current balance includes any recent transactions or payments made since the statement was issued.
Income is an income statement account and shown in income statement and not a balance sheet account.
Your pay statement balance is the amount you have earned from work, while your current balance is the total amount of money in your account, including any additional deposits or withdrawals.
The remaining statement balance is the amount you owed at the end of the last billing cycle, while the current balance includes any new transactions since then.
Your current balance is the total amount of money in your account at the moment, while the remaining statement balance is the amount you still owe on your credit card after the last billing cycle.
A statement of money received and paid with a balance is an account.
speelling
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.
The total account debt as of the statement date is called the balance.
NO, Account payable is a balance sheet item it does not appear in the income statement.