Bank Reconciliation Statement

Accountancy

What is the meaning of credit side of bank column cast short What is the effect on cash book

Rishi jain

CA Final

★ 1K+

13-Aug-22 15:55

553

Answers (4)

Best Answer

If from CB to PB Add From PB to CB Less

Sugam SM

CA Final

★ 9K+

13-Aug-22 16:00

Credit side of bank column means payment side of cash book so if that is short then cash book is overstated

Sugam SM

CA Final

★ 9K+

13-Aug-22 15:59

Credit Side of cash book bank column is payments side which is made by us by bank

Kartik P

CA Foundation

★ 10K+

13-Aug-22 16:57

Bank is a real account so " Debit what comes in " and " Credit what goes out" ......in bank statement debit represents all incomes and receipt ..credit side is all expenses payment

MPR Sanjay Kumar

CA Inter

★ 525

13-Aug-22 17:59