Dissimilarity in the balances-pass book and cash book

Question

Write down the causes for the dissimilarity in the balances as shown by the pass book and the cash book?

Answer 1

- Cherubs submitted in the bank however not yet credited and collected.
- Cheques issued however not yet accessible for payment.
- Bank Charges.
- Amount credited or collected by bank on standing instructions.
- Amount debited or paid by the bank on standing instructions.
- Interest credited through bank.
- Interest debited through bank on over-draft.
- Direct payment through customers into the bank account.
- Dishonor of bills or cheques.
- Errors in recording of transactions through either the firm or the bank.