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Reasons For Disagreement Between Cash Book And Pass Book Balances

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The following are the important causes or reasons for the disagreement between the balances shown by the pass book and cash book.

1. Cheques issued but not presented for payment.

2. Cheques paid or deposited but not collected and credited by the bank.

3. Interest credited by the bank but entered in cash book.

4. Bank charges, commission and interest in overdraft debited by the bank but not entered in cash book.

5. Expenses directly paid by the bank on behalf of customer but not recorded in cash book.

6. Incomes directly collected by the bank on behalf of customer but not recorded in cash book.

7. Amount directly deposited into the bank by debtors but not entered in cash book.

8. Cheque deposited into the bank but dishonored.

9. Dishonor of bill discounted with the bank.

10. Errors committed in the cash book and pass book.

Related Topics
Concept And Meaning Of Bank Reconciliation Statement
Needs And Importance Of Bank Reconciliation Statement
Preparation Of Bank Reconciliation Statement

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