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Gre4nikov [31]
3 years ago
12

Discuss the reasons due to which cash book and passbook balances may not match. Is there a method to address the issues related

to these differences other than preparing a bank reconciliation statement?
Business
1 answer:
Phantasy [73]3 years ago
8 0

In a cashbook, all cash transactions or kept inside

In a passbook, in the other hand, all deposits & withdrawals are kept inside.

The difference is that one only focuses on cash, while the other can focus on cash, check, etc. A way to address the issue is to just use one book, which contains every single statement.

hope this helps

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