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Do you agree or disagree with the following statement: Difference in Cash Book balance and Pass Book balance may arise due to errors committed while recording. - Book Keeping and Accountancy

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Question

Do you agree or disagree with the following statement:

Difference in Cash Book balance and Pass Book balance may arise due to errors committed while recording.

Options

  • Agree

  • Disagree

MCQ
True or False

Solution

Difference in Cash Book balance and Pass Book balance may arise due to errors committed while recording. - Agree

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Reasons for the Difference Between Cash Book Balance and Pass Book Balance
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Chapter 6: Bank Reconciliation Statement - Exercises [Page 205]

APPEARS IN

Balbharati Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board
Chapter 6 Bank Reconciliation Statement
Exercises | Q 3. 9. | Page 205

RELATED QUESTIONS

Answer in one sentence:

What does a debit balance in Cash Book represent?


Answer in one sentence:

What does debit balance in Pass Book represent?


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A book maintained by trader to record banking transactions.


Do you agree or disagree with the following statement:

The bank column of Cash Book represents bank account.


Do you agree or disagree with the following statement:

Bank balance as per Cash Book is always equal to bank balance as per Pass Book.


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Overdraft means _______ balance of Cash Book.


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Bank balance as per Pass Book means ___________ balance of Pass Book.


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Debit balance as per Cash Book is also known as ___________ balance.


Select the most appropriate alternative from those given and rewrite the following statement:

When extracts of Cash Book and Pass Book are given for uncommon periods, only ________ items are considered for preparation of Bank Reconciliation Statement.


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Normally the Cash Book shows debit balance and Pass Book shows ________ balance.


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When overdraft as per Cash Book is given, bank charges debited in Pass Book only, is to be added.


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