News Human Relationship Betwixt Cash Mass Together With Croak Book
The traders tape all the amounts or cheques deposited inwards the banking concern inwards the debit side of his Cash Book inwards banking concern column together with any amount he withdraws from banking concern inwards cash or pays through tally to other parties, he records them inwards the credit side of the Cash Book inwards banking concern column.
Bank likewise credits the customer's (Trader's) Account for the amount deposited past times the client together with debits him for the amount withdrawn past times him inwards his principal Ledger. In other words, it tin locomote summarised equally under:
1. What is shown on the debit side of the Cash Book (Bank Column) appears on the credit side of the Bank Pass Book or Bank Statement.
2. What is shown on the credit side of the cash mass (Bank Column) appears on the debit side of the Bank Pass Book or Bank Statement.
3. (i) When the Cash Book (Bank Column) shows debit remainder the Pass Book (Bank Statement) shows credit balance.
(ii) When the Cash Book (Bank Statement) shows credit remainder (i.e., overdraft), the Pass Book (Bank Statement) shows debit remainder (i.e., overdraft)
Dr. Balance equally per Cash Book = Cr. Balance equally per Pass Book
Cr. Balance (i.e., Overdraft) equally per Cash Book = medico Balance (i.e., Overdraft) equally per Pass Book