Account True False[1 Marks ]

While starting with Pass Book overdraft bank interest credited in the Pass Book is to be written in minus column.

Pass Book overdraft is less than Cash Book overdraft when there are cheques deposited but not collected by bank.

Normally, if Cash Book shows a debit balance, Pass Book also shows a debit balance.

Favourable bank balance as per Cash Book will be less than pass book balancem when there are cheques issued but not presented for payment.

Debit balance in Pass Book means overdraft.

Bank column of the Cash Book always shows a debit balance.

Debit balance of the Cash Book and the credit balance of Pass Book carry the same meaning.

Wrong entry in the Pass Book will also be considered while preparing an Amended Cash Book.

Pass Book and the Bank statement are one and the same thing, because both of them are the copy of customer's Ledger account maintained by bank.

Cash Book overdraft is more than Pass Book overdraft when the payment side of Cash Book is undercast.