List 4 items having an effect of higher balance in the cash book.

Asked by Topperlearning User | 15th Jul, 2016, 04:31: PM

Expert Answer:

  1. Cheques deposited by the firm but not yet collected by the bank.
  2. Bank Charges/interest paid debited in the pass book.
  3. Cheques deposited returned dishonoured and not recorded in the cash book.
  4. Payments made directly by the bank under the standing instructions of the firm.

Answered by  | 15th Jul, 2016, 06:31: PM