Purposes of pass book
Describe briefly the purposes which cause pass book of the bank and your bank book not tally?
Expert
- 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
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he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
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