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| 1. |
State any four reasonswhen the Cash Book balance will be higherthan the Pass Bookbalance . |
| Answer» SOLUTION : CashBook balance will be HIGHER than the Pass Book balance in the following situations :(i) Cheques deposited but not collected by the BANK.(ii) Cheque RECORDED in the Cash Book but not deposited in Bank . (iii) Interest DEBITED by bank but not recorded in the Cash Book.(iv) Bank charges debited by bank but bnot recorded in the Cash Book. | |