Category: Accountancy ls-08

Imagine checking your bank statement and discovering the bank has collected interest for you, failed to process a deposit, and even made a couple of mistakes. Your Cash Book and

Imagine running a business and discovering that your bank account has a negative balance of ₹12,500. You have used more money than you currently have in your account, and the

A business doesn’t simply deposit money and withdraw it. Banks may also collect income, pay bills, deduct charges and process transactions automatically. These transactions can create differences between the Cash

Imagine that your business receives its monthly bank statement. It shows a balance of ₹27,500. However, your Cash Book tells a different story. Which figure should your business report? Before

Imagine you are running a business. At the end of the month, you open your Cash Book and find a bank balance of ₹4,200. But when you check your bank

Imagine checking your business bank account and discovering something strange. Your Cash Book says you have ₹25,000, but your bank statement shows only ₹21,500. Has someone made a mistake? Has