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Which of the following is/are the reason(s) for difference between cash book and bank passbook?I. Cheques paid into the bank but not yet co…

358661Medium DSSSB TGT Computer Science 0 replies 0 views
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Which of the following is/are the reason(s) for difference between cash book and bank passbook?
I. Cheques paid into the bank but not yet collected
II. Interest and dividends collected by the bank
  • ABoth I and II
  • BNeither I nor II
  • COnly II
  • DOnly I
Correct answer: A

Explanation

A difference between cash book and passbook arises from cheques paid in but not yet collected, and from interest and dividends collected directly by the bank. Both are reasons.
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