What is meant by bank overdraft?

What is bank reconciliation statement?

State any two causes of disagreement between the balance as per bank column of cash book and bank statement.

Which values are involved in the preparation of bank reconciliation statements?

When bank column of a cash book shows a credit balance, what doesn't mean?

When bank column of a cash book shows a debit balance, what does it means?

On 15^th December, one of his customers made online payment to Magesh's current account, amounting to Rs. 1,000. There was no entry in the cash book for this.

Dinesh received his salary in cash for Rs. 5,000. He credited this amount in the bank column of cash book

Bank made payment on 23rd December, amounting to Rs 2,500, as per standing instruction. But, there is no entry in the cash book for the same.

On 31^st, December 2017, Magesh received a bank statement from his bank, which showed a credit balance of Rs.19,700. He instructed Dinesh to check the statement with the cash book. On comparing both, Dinesh found that the cash book showed a balance of Rs. 14,500. He was puzzled.