What do you understand by endorsement?

What do you mean by crossing a Cheque? 

What is a Cheque? 

What is a pass book?

What is a pay-in-slip?

Why is a Cheque dishonored? How do you record it in the cash book?

State the reasons for the following:

a)All entries in Three Column Cash Book are not posted into the ledger

b)The total in the cash column on the debit side of the cash book is always more than its credit side, but it is not true of the bank column

c)When a Cheque received is endorsed to a third party, it must be entered on both sides of the cash book

Explain the following in about ten lines each.

a)Bank Column in cash book serves the purpose of a Bank Account in the ledger

b)Advantages of having a bank account

c)Effect of crossing a Cheque

d)Contra Entry

List the main functions of a bank.