Purposes of pass book

Describe briefly the purposes which cause pass book of the bank and your bank book not tally?

E

Expert

Verified

- Cheques deposited in the bank however not yet collected

- Cheques issued however not yet presented for payment

- Bank charges

- Amount collected through bank on standing instructions of the apprehension.

- Amount paid through the bank on standing instructions of the apprehension.

- Interest debited by the bank

- Interest credited by the bank

- Direct payment by customers in the bank account

- Discredit of cheques

- Clerical errors

   Related Questions in Accounting Basics

©TutorsGlobe All rights reserved 2022-2023.