Interest charged by the bank but not recorded in Cash Book if the balance as per pass book is given ...........

General Accounting Principles Rectification of Errors

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Interest charged by the bank but not recorded in Cash Book , if the balance as per pass book is given then-

Amount is added in the Bank statement

Amount is deducted in the bank statement

Amount is added in cash book

Amount is deducted in cash book

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Explanation:

The amount is added to the balance as per pass book because the charges are already deducted from pass book but it is not recorded in the cash book. The balance as per pass book is lower than the balance in cash book. The amount is added to bring pass book at par with cash book.

By: Munesh Kumari

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NIPPUN GUPTA

I think the interest charged needs to be deducted from the cash book. Kindly clear the doubt

Subam Raj

How can we add in the bank statement in the bank statement. Please explain in YouTube discussion

RISHI MAHESHWARI

isn't it that we change cash book in such circumstances? as passbook is unamendable.

Ruchi Kumari

I think This question explaination is wrong . beacuse we should decrease the cash book to match pass book...Bank deducted Bank charges hence Bank Balance is showing lower than cash book..and to meet Balance we can only change cash book..not paas book

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Interest charged by the bank but not recorded in Cash Book if the balance as per pass book is given ...........

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Explanation:

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