State two errors committed in Cash Book which are considered while preparing bank Reconciliation Statement

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Muskan Anand

2 years ago

Errors may be committed to casting (totaling) the bank column of the cash book. If the debit side of the cash book (bank column) is overcast, or if the credit side is undercast, then the cash book will show more bank balance compared to the bank statement. Sometimes an error or omission is committed by the bank staff.

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