Ram enterprises received a bank statement on 31st March, 2018, which showed a credit Rs balance of Rs 13,500. On the same date, the balance as per cash book was Rs 11,000.
Think of minimum five possible causes of difference [with amount] between these two balances.
| |
Particulars. |
Amount Rs |
| (i) |
Credit balance as per bank statement |
13,500 |
| (ii) |
Bank charges not recorded in cash book |
500 |
| (iii) |
Cheques deposited but not collected |
2,600 |
| (iv) |
Insurance premium paid by bank |
400 |
| (v) |
Cheques issued but not yet provided for payment |
6000 |
