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Question
Complete the following table:
| Reasons | When Normal balance as per Cash Book is given Add/Less | When Normal balance as per Pass Book is given Add/Less |
| 1) Interest debited in Pass Book only. | ||
| 2) Direct deposit made by customer in bank recorded in Pass Book | (+) | |
| 3) Cheque deposited into bank but not yet collected by bank | ||
| 4) Cheque deposited into bank is dishonoured | (+) | |
| 5) Cheque issued but not presented for payment. | (-) |
Chart
Solution
| Reasons | When Normal balance as per Cash Book is given Add/Less | When Normal balance as per Pass Book is given Add/Less |
| 1) Interest debited in Pass Book only. | (-) | (+) |
| 2) Direct deposit made by customer in bank recorded in Pass Book | (+) | (-) |
| 3) Cheque deposited into bank but not yet collected by bank | (-) | (+) |
| 4) Cheque deposited into bank is dishonoured | (-) | (+) |
| 5) Cheque issued but not presented for payment. | (+) | (-) |
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