Difference between Cash Book and Pass Book
Cash Book
- Maintained by Cashier
- Deposits of Cash entered on the debit side of the cash book
- Withdrawals of cash entered on the credit side of the cash book
- Cheques deposited for collection entered on the debit side of the cash book on the date of depositing the cheques into the bank.
- Cheques issued entered on the credit side of the cash book on the date of issuing the cheque to the creditors.
- Signature is not signed by the cashier.
- It is balanced at the end of a specified period.
Pass Book
- Maintained by Banker
- Deposits of Cash entered on the credit column of the pass book.
- Withdrawals of cash entered on the debit column of the pass book.
- Cheques deposited for collection entered in the pass book only on the date of the realization of the cheque
- Cheques issued entered on the debit column of the pass book only on the date on which they are presented and paid.
- Signature is signed by the Bank official after each transaction.
- It is balanced after each transaction
