difference between cashbook and passbook - Accountancy - Bank Reconciliation Statement

Question

difference between cashbook and passbook

Saurabh Mehta · Accepted Answer

Basis
of Difference

Passbook

Cashbook

(1)
Prepared

Prepared
by the bank

Prepared
by the customer himself

(2)
Recording of Cheque received

In the
credit column of the Pass book

On the
debit side of the Cash Book

(3)
Recording of Cheque paid

In the
debit column of the Pass book

On the
credit side of the Cash Book

(4)
Contents

It
shows columns of

Date
of transaction
Particulars
of transaction
Withdrawals
Deposits
Balances

It
shows columns of

Date
of transaction
Particulars
of transaction
L
F
Cash
Bank

(5)
Necessary

Compulsorily
prepared by the bank

Not
Compulsory to prepare it

Basis of Difference	Passbook	Cashbook
(1) Prepared	Prepared by the bank	Prepared by the customer himself
(2) Recording of Cheque received	In the credit column of the Pass book	On the debit side of the Cash Book
(3) Recording of Cheque paid	In the debit column of the Pass book	On the credit side of the Cash Book
(4) Contents	It shows columns of Date of transaction Particulars of transaction Withdrawals Deposits Balances	It shows columns of Date of transaction Particulars of transaction L.F. Cash Bank
(5) Necessary	Compulsorily prepared by the bank.	Not Compulsory to prepare it.