-A bank statement is issued after an account holder has requested for it whereas a bank pan
book is issued after one opens an account.
-Pass book can be used to withdraw money whereas a statement cannot.
-A bank pass book contains all the particulars of a person e.g. a passport size. Whereas a bank statement doesn’t have such.
-A bank statement is seasonal that is its issued from time to time whereas a pass book is more permanent.
-A bank statement shows only the transactions that were undertaken in a certain period of time but a passbook may contain all the transactions since the account was opened.
-A bank statement may be given to anyone who holds either a savings or current account but pass book may be given only to those with savings account where cheque facilities aren’t available.
sharon kalunda answered the question on February 28, 2019 at 12:45
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Marketing boards are producer organizations set up to encourage and control the selling of agricultural products. Discuss five functions of these organizations. ...
(Solved)
Marketing boards are producer organizations set up to encourage and control the selling of agricultural products. Discuss five functions of these organizations.
Date posted:
February 28, 2019
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Answers (1)
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Name four file covers used in an office.
(Solved)
Name four file covers used in an office.
Date posted:
February 28, 2019
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Answers (1)
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International trade improves the economic welfare of a country. The recent opening of the East African co-operation seeks to diversify International trade. Highlight four factors...
(Solved)
International trade improves the economic welfare of a country. The recent opening of the East African
co-operation seeks to diversify International trade. Highlight four factors that may hinder this good intention.
Date posted:
February 28, 2019
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Answers (1)
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Mention four of the contents in articles of association.
(Solved)
Mention four of the contents in articles of association.
Date posted:
February 28, 2019
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Answers (1)
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Give four reasons why people prefer using a cheque to cash when effecting payment.
(Solved)
Give four reasons why people prefer using a cheque to cash when effecting payment.
Date posted:
February 28, 2019
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Answers (1)
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Mention four reasons to justify that the Central Bank is not a Commercial Bank.
(Solved)
Mention four reasons to justify that the Central Bank is not a Commercial Bank.
Date posted:
February 28, 2019
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Answers (1)
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Name four documents used in home trade.
(Solved)
Name four documents used in home trade.
Date posted:
February 28, 2019
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Answers (1)
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Give four reasons why an office may prefer storing information in Micro-films instead of files.
(Solved)
Give four reasons why an office may prefer storing information in Micro-films instead of files.
Date posted:
February 28, 2019
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Answers (1)
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As the transport manager of a busy company. Highlight four factors you would consider before choosing a mode of transport for your goods and services.
(Solved)
As the transport manager of a busy company. Highlight four factors you would consider before choosing a mode of transport for your goods and services.
Date posted:
February 28, 2019
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Answers (1)
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Highlight four ways in which Insurance companies make profits.
(Solved)
Highlight four ways in which Insurance companies make profits.
Date posted:
February 28, 2019
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Answers (1)
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List down four features of co-operative society.
(Solved)
List down four features of co-operative society.
Date posted:
February 28, 2019
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Answers (1)
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The capital structure of a company is divided. Name four such divisions.
(Solved)
The capital structure of a company is divided. Name four such divisions.
Date posted:
February 28, 2019
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Answers (1)
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Mention four limitations of advertising as a means of sales promotion.
(Solved)
Mention four limitations of advertising as a means of sales promotion.
Date posted:
February 28, 2019
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Answers (1)
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What are some of the various risks that international marketers face With their business firm if their product and activities are political vulnerable
(Solved)
What are some of the various risks that international marketers face With their business firm if their product and activities are political vulnerable
Date posted:
February 26, 2019
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Answers (1)
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Enumerate all the preferential trade area protocols
(Solved)
Enumerate all the preferential trade area protocols
Date posted:
February 26, 2019
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Answers (1)
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The following trial balance was extracted from the books of Nyaituya on
31st December 2005.
(Solved)
The following trial balance was extracted from the books of Nyaituya on
31st December 2005.
Additional information. Sh.
(i) Stock as at 31st December 2005 52,000
(ii) Rent accrued 6,000
(iii) Insurance paid in advance 4,000
(iv) Commission due 5,000
(v) Salaries owing 21,000
REQUIRED:
Prepare a trading, profit and loss account for the year ended 31st December
2005 and a balance sheet as at that date.
Date posted:
February 25, 2019
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Answers (1)
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The following trial balance was extracted from the ledgers of Gathioro’s mobile phones business for the year ended 31st Oct 2013.
(Solved)
The following trial balance was extracted from the ledgers of Gathioro’s mobile phones business for the year ended 31st Oct 2013.
Gathioro’s mobile phones
Trial Balance
As at Gathiro’s 31st Oct 2013
On 31st Oct. 2013, the business had closing stock valued at Shs. 60,000
prepare;
i. The trading, profit and loss a/c for the year ended 31st Oct 2013.
ii. A balance sheet as at that date.
Date posted:
February 25, 2019
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Answers (1)
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Opening stock is the value of stock at the beginning of an accounting period. Wanderi had stock of goods worth sh 10,000 on 2nd February...
(Solved)
Opening stock is the value of stock at the beginning of an accounting period. Wanderi had stock of goods worth sh 10,000 on 2nd February 20-6.During the month of January he bought goods totaling to sh.50,000 and sold some of the goods for sh58,000.On 28th Febuary,he had unsold stock worth sh 12,000.
Calculate the gross profit.
Date posted:
February 25, 2019
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Answers (1)
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State and explain six types of ledger
(Solved)
State and explain six types of ledger.
Date posted:
February 25, 2019
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Answers (1)
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On 1st November 2013:Tabagon Co. Ltd. had a balance of shs. 12,000 at the bank and shs. 2500 in hand. During the month, the following...
(Solved)
On 1st November 2013:Tabagon Co. Ltd. had a balance of shs. 12,000 at the bank and shs. 2500 in hand. During the month, the following transaction took place;
Nov. 1 Cash sales Shs. 2500, cash purchase Shs. 1750
Nov. 3 Paid the following accounts by cheque.
Kirop Shs. 1500 less 5% cash discount
Kirui Shs. 2000 less 5% cash discount
Nasimiyu shs. 2100 less 3 % cash discount
Nov. 5 Received the following amounts from debtors,
Ondiek shs. 1200,
58
Jane shs. 3850 and Mueni by cheque shs. 2050 after allowing
her shs. 300 cash discount.
Nov. 14 Paid office cash to the bank shs. 2000
Nov. 17 Cash sales 8500
Nov. 22 Mueni paid her account of shs. 5000 by cheque less 10% cash discount
Nov. 28 Withdrew all the money from the bank for office use except shs. 1000
Nov. 29 Paid salary cash shs. 8000
Nov. 30 A cheque received from Mueni on Nov. 5th was dishonoured.
Prepare Tobago Co. Ltd. three column cash book.
Date posted:
February 23, 2019
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Answers (1)