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प्रश्न
Explain why does money deposited into bank appear on the debit side of the cash book, but on the credit side of the bank statement?
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उत्तर
- The assets will be entered on the debit side. The balance of deposits held by the bank is recorded.
- It denotes a favourable balance as per cash boor unfavourable balance as per the passbook.
On the debit side, receipts of cash and cheques are recorded. - Deposited cash into the bank decreases the amount of cash available and is, therefore, credited to the cash account (cash column of the cash book).
- But, it also increases the bank balance and is, therefore, debited to a bank account (bank column of the cash book).
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संबंधित प्रश्न
Answer in one sentence:
On which side is interest on bank deposit recorded in Pass Book?
Give one word/term/phrase which can substitute the following statement:
Statement showing the causes of disagreement between balance of Cash Book and Pass Book.
Complete the following statement:
While preparing Bank Reconciliation Statement only __________ column of Cash Book is considered.
What is bank reconciliation statement?
Give any two expenses which may be paid by the banker as per standing instruction.
Credit balance as per bank statement is an overdraft.
Bank reconciliation statement is prepared to identify the causes of differences between balance as per bank column of the cash book and balance as per cash column of the cash book.
From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.
- Credit balance as per pass book ₹ 20,000.
- A cheque for ₹ 3,500 was issued and paid by the bank, recorded in Pass Book as ₹ 5,300.
- Cheque deposited ₹ 9,700 collected by the bank was not recorded in Cash Book.
- Payment side of the Cash Book was undercast by ₹ 100.
- Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.
From the following particulars prepare the Bank Reconciliation Statement as on 30th June 2019.
1. Credit balance as per Pass Book ₹ 20,000.
2. A cheque for ₹ 3,500 was issued and paid by bank, recorded in the Pass Book as ₹ 5,300.
3. cheque deposited ₹ 9,700 collected by the bank was not recorded in Cash Book.
4. The payment side of Cash Book was undercast by ₹ 100. 5. The electricity bill paid by the bank ₹ 6,200 was recorded twice in the Pass Book.
From the following particulars prepare Bank Reconciliation Statement as on 30th June 2019.
- Credit balance as per Pass Book ₹ 20,000.
- A cheque for ₹ 3,500 was issued and paid by bank, recorded in Pass Book as ₹ 5,300.
- Cheque deposited ₹ 9,700 collected by bank was not recorded in Cash Book.
- Payment side of Cash Book was undercast by ₹ 100.
- Electricity bill paid by bank ₹ 6,200 was recorded twice in Pass Book.
