what if the cash book shows a debit balance, the pass book shows?
Answers & Comments
blackwaters
If the cash book shows a debit balance, it means that there is more cash recorded as received or on hand than spent or paid. In the passbook (or bank statement), a debit balance typically indicates that the bank has recorded more deposits than withdrawals.
In other words, the cash book and passbook should ideally show the same debit balance. If they do not match, it could be due to discrepancies, errors, or outstanding transactions that are yet to be reflected in one of the books. Reconciliation and careful examination of the entries in both the cash book and passbook would be necessary to identify and rectify any discrepancies.
Answers & Comments
In other words, the cash book and passbook should ideally show the same debit balance. If they do not match, it could be due to discrepancies, errors, or outstanding transactions that are yet to be reflected in one of the books. Reconciliation and careful examination of the entries in both the cash book and passbook would be necessary to identify and rectify any discrepancies.