Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C11 Bank Reconciliation Statement2 Marks
Question
State three reasons for difference between balance as per cashbook and passbook.
✓
Answer
Following are generally the known causes of difference in balance as per cashbook and passbook.
$(i)$ Cheque deposited in bank but not cleared/credited by bank.
$(ii)$ Cheque issued but not presented for payment in the bank.
$(iii)$ Bank debited or credited any amount which is not recorded in cash book.
$(iv)$ Cheque received, recorded in cashbook but are not sent for collection or cheque depositedinto bank but not recorded in cashbook.
Need a full question paper?
Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.