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Bank pass book balance shows 36,000. The cash book shows a different balance while analyzing the cause of difference it was noticed that total of debit side of cash book was carried forwarded to next page as 11,000 instead of 10,000. Similarl?
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Bank pass book balance shows 36,000. The cash book shows a different b...
Analysis of Bank Pass Book and Cash Book Discrepancy
Bank pass book balance: 36,000
Cash book balance: Discrepant
Cause of Difference:
Incorrect Carried Forward Balance:
- Total of debit side of cash book carried forward as 11,000 instead of 10,000
- This error led to a difference in the cash book balance
Resolution:
Correction of Error:
- The carried forward balance on the debit side should be corrected to 10,000
- This adjustment will reconcile the cash book balance with the bank pass book balance
Verification:
- After making the correction, ensure that the cash book balance matches the bank pass book balance of 36,000
- Verify all entries to avoid similar errors in the future
Importance of Accurate Record Keeping:
- Proper maintenance of cash book records is essential to prevent discrepancies
- Regular reconciliation of bank pass book and cash book balances helps in identifying errors promptly
By following these steps and maintaining accurate records, you can ensure the consistency and reliability of financial information in your cash book.
Bank pass book balance: 36,000
Cash book balance: Discrepant
Cause of Difference:
Incorrect Carried Forward Balance:
- Total of debit side of cash book carried forward as 11,000 instead of 10,000
- This error led to a difference in the cash book balance
Resolution:
Correction of Error:
- The carried forward balance on the debit side should be corrected to 10,000
- This adjustment will reconcile the cash book balance with the bank pass book balance
Verification:
- After making the correction, ensure that the cash book balance matches the bank pass book balance of 36,000
- Verify all entries to avoid similar errors in the future
Importance of Accurate Record Keeping:
- Proper maintenance of cash book records is essential to prevent discrepancies
- Regular reconciliation of bank pass book and cash book balances helps in identifying errors promptly
By following these steps and maintaining accurate records, you can ensure the consistency and reliability of financial information in your cash book.
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Bank pass book balance shows 36,000. The cash book shows a different balance while analyzing the cause of difference it was noticed that total of debit side of cash book was carried forwarded to next page as 11,000 instead of 10,000. Similarl?
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Bank pass book balance shows 36,000. The cash book shows a different balance while analyzing the cause of difference it was noticed that total of debit side of cash book was carried forwarded to next page as 11,000 instead of 10,000. Similarl? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Bank pass book balance shows 36,000. The cash book shows a different balance while analyzing the cause of difference it was noticed that total of debit side of cash book was carried forwarded to next page as 11,000 instead of 10,000. Similarl? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Bank pass book balance shows 36,000. The cash book shows a different balance while analyzing the cause of difference it was noticed that total of debit side of cash book was carried forwarded to next page as 11,000 instead of 10,000. Similarl?.
Bank pass book balance shows 36,000. The cash book shows a different balance while analyzing the cause of difference it was noticed that total of debit side of cash book was carried forwarded to next page as 11,000 instead of 10,000. Similarl? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Bank pass book balance shows 36,000. The cash book shows a different balance while analyzing the cause of difference it was noticed that total of debit side of cash book was carried forwarded to next page as 11,000 instead of 10,000. Similarl? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Bank pass book balance shows 36,000. The cash book shows a different balance while analyzing the cause of difference it was noticed that total of debit side of cash book was carried forwarded to next page as 11,000 instead of 10,000. Similarl?.
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