Markson's \& co. has a difference in balance as per cashbook and bank statement as on 31st march 2021. Let us understand the Transaction Details 1. Balance as per bank statement as on 31st march 2021 is Tzs 5000. Balance as per the cashbook is Tzs 1,650. 2. Checks of Tzs 2000 and Tzs 1000 issued as on 30th march 2021, but not cleared. 3. Insurance paid by the bank is Tzs 200. It is not yet recorded in the cashbook. 4. An outgoing check of Tzs 1000 was recorded twice in the cashbook. It is accurately recorded in the bank passbook. 5. Payment of a TzS 500 check is recorded twice in the passbook. 6. Dividends received Tzs 600 recorded only in the bank statement and not in the cashbook. 7. A check of Tzs 500 was deposited on 29th march 2021, but it is not collected. 8. Bank charges of Tzs 50 were debited; it is only recorded in the bank passbook