Which of the following does NOT contribute to discrepancies between the cash book balance and the bank passbook balance?

Show Answers

Mistakes made in the cash bookErrors recorded in the bank passbookCheques that have been deposited and successfully clearedCheques written but not yet presented to the bank for paymentNone of the above

Explanation

Differences between the cash book and bank passbook balances usually arise due to errors in either the cash book or the passbook, or because of timing differences such as issued cheques not yet cleared. However, cheques that have been deposited and cleared have already been accounted for in both records and therefore do not cause any difference.