This is from bank reconciliation statement. Cash book is increased from the question.But how ?can anyone tell the meaning of this question with example

Harish · 25 Jun 2024

do you even now fw this🧏

Harish · 25 Jun 2024

womp womp woming🧏

Arti · 25 Jun 2024

That's because when you issue cheque to someone you will deduct the amount from cash book and we have to reconcile it with bank pass book so make it even we will add it back

Manju · 25 Jun 2024

This helps me a lot

Manju · 25 Jun 2024

Thanqu guyss

Darshan · 25 Jun 2024

The question means to say that ..... We drawn the cheque for payment of ₹3000 but our creditor has not deposited that cheque in bank and we had done the entry in our cash book but our bank has not debited us yet...... Thanks you

Sahil · 25 Jun 2024

It simply means that you have drawn a cheque for issuing someone, so you have deducted the amount from your cashbook, but it's not presented for payment in bank till the year end, so the amount is not deducted from your account, now you have to reconcile with your bank passbook so you have to add back the amount in your cashbook, hope you find this helpful.