Bank charges are expenses for the business. Expenses decrease the bank balance as per Pass Book. Bank charges debited by the bank decrease the bank balance as per Pass Book.
This statement is False.
Overdraft as per Cash Book means credit balance as per cash book. Cashbook debit means deposits. When cash book debit balance is greater it means Bank Balance...
This statement is True.
The Debit side of the passbook represents payments. So any payments made by the bank, Bank debits the customer’s account and records on the Debit side of...
(i) Normal bank balance as per cash book means debit balance as per cashback.
(ii) The Bank column in cashback represents the business’s current account.
(iii) The current account is opened by traders for day-to-day...
