Managerial Accounting Interview Questions and Answers

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Question - What Are The Reasons Which Cause Pass Book Of The Bank And Your Bank Book Not Tally?

Answer -

Cheques deposited into the bank but not yet collected
Cheques issued but not yet presented for payment
Bank charges
Amount collected by bank on standing instructions of the concern.
Amount paid by the bank on standing instructions of the concern.
Interest debited by the bank
Interest credited by the bank
Direct payment by customers into the bank account
Dishonour of cheques
Clerical errors

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