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In adjusting the Cash Book balance one of the following is not taken into account.
Mistake
Mistake in pass book
Mistake in cash book
None of the above
Mistakes done in pass book will not give any impact to the cash book balance. Pass book is a summary of statement of bank account which gives the records of all bank transactions. This is updated by the banks on a regular basis. Any mistakes in pass book need to be rectified by the bank and there is no requirement of making the adjustment in cash balance.
By: Abhipedia ProfileResourcesReport error
Kalash Bagul
WHAT IF BRS IS PREAPARED ACCORDING TO PASSBOOK THEN PASS BOOK BALANCE IS NEEDED TO BE CHECKED
This relates to adjusted cash book, the question signifies towards the preparation of the same. In an adjusted cash book the pass book mistakes are not recorded. BRS is prepared after this.
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