Purposes of pass book
Describe briefly the purposes which cause pass book of the bank and your bank book not tally?
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- Cheques deposited in the bank however not yet collected
- Cheques issued however not yet presented for payment
- Bank charges
- Amount collected through bank on standing instructions of the apprehension.
- Amount paid through the bank on standing instructions of the apprehension.
- Interest debited by the bank
- Interest credited by the bank
- Direct payment by customers in the bank account
- Discredit of cheques
- Clerical errors
Accounting Theory 7edition, by Godfrey J., Hodgson A., Tarca A., Hamilton J., and Holmes S. Chapter 2: Theory in Action 2.2 “Normative Theories of Investment” Chapter 3: Theory in Action 3.1 “Companies should come clean on the value of leases on their books” Chapter 5: Theory in A
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