A Cheque received and paid into the bank on the same day is recorded in the ____________.

Cash column of the cash book

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Bank column of the cash book

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Both the cash and bank columns of the book

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The credit balance as per pass book

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Solution

The correct option is B Bank column of the cash book
Cash book is having two columns i.e cash and bank column. When a cheque is received and deposited on the same day in to the bank, this will be recorded in bank column of the cash book.

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Similar questions

Q. On 31st March, 2015 the bank column of the Cash Book of Mr. Rajesh showed a debit balance of ₹ 5,200. On examining the Pass Book you find that:
(i) Cheques of ₹ 20,000 were sent to bank for collection; Out of these cheques of ₹ 4,000 and of ₹ 5,000 were credited respectively on 5th April and 6th April respectively and the remaining cheques were credited before 31st March.
(ii) A cheque for ₹ 7,500 received from a customer although entered in the bank column of the Cash Book, was omitted to be paid into the bank.
(iii) Cheques drawn for ₹ 25,000 were not presented for payment.
(iv) Credit side of the bank column of the Cash Book was overcast by ₹ 100.
(v) A B/P for ₹3,600 has been paid by the bank, but not yet recorded in the Cash Book.
(vi) No entry has been made in the Cash Book to record the dishonour on 28th March 2015, of a cheque for ₹ 5,400 received from a customer.
(vii) A cheque for ₹ 2,500 issued to a creditor was wrongly entered in the cash column for the Cash Book.
(viii) In the Cash Book, bank charges of ₹ 200 were entered twice while another bank charge of ₹ 500 was not recorded at all.
You are required to show the necessary corrections in the Cash Book and to prepare a statement reconciling the amended cash balance with the shown in bank Pass Book as on 31st March 2015.

Q. On 31st March, 2019 the bank column of the Cash Book of Mr. Rajesh showed a debit balance of ₹ 5,200. On examining the Pass Book you find that:
(i) Cheques of ₹ 20,000 were sent to bank for collection; Out of these cheques of ₹ 4,000 and of ₹ 5,000 were credited respectively on 5th April and 6th April respectively and the remaining cheques were credited before 31st March.
(ii) A cheque for ₹ 7,500 received from a customer although entered in the bank column of the Cash Book, was omitted to be paid into the bank.
(iii) Cheques drawn for ₹ 25,000 were not presented for payment.
(iv) Credit side of the bank column of the Cash Book was overcast by ₹ 100.
(v) A B/P for ₹ 3,600 has been paid by the bank, but not yet recorded in the Cash Book.
(vi) No entry has been made in the Cash Book to record the dishonour on 28th March 2019, of a cheque for ₹ 5,400 received from a customer.
(vii) A cheque for ₹ 2,500 issued to a creditor was wrongly entered in the cash column of the Cash Book.
(viii) In the Cash Book, bank charges of ₹ 200 were entered twice while another bank charge of ₹ 500 was not recorded at all.
You are required to show the necessary corrections in the Cash Book and to prepare a statement reconciling the amended cash balance with that shown in bank Pass Book.

Q. From the folowing particulars, find out corrected bank balance as per Cash Book and thereafter proepare a Bank Reconcilation Statement as on 31st March, 2018 of a sole proprietor:

		₹
(i)	Bank overdraft as per the Cash Book.	80,000
(ii)	Cheques deposited as per the bank statement but not entered in the Cash Book.	3,000
(iii)	Cheques recorded for collection but not sent to the bank.	10,000
(iv)	Credit side of bank column casted short.	1,000
(v)	Bank charges recorded twice in the Cash Book.	100
(vi)	Customer's cheque returned as per the Bank Statement.	4,000
(vii)	Cheques issued but dishonoured on technical grounds.	3,000
(viii)	Bill collected by bank directly.	20,000
(ix)	Cheque received entered twice in the Cash Book.	5,000

State whether the following statements are TRUE or FALSE :

1. Total of payments side can be greater than total of receipts side in case of bank column.
2. Purchase of asset or stationery on credit is recorded in purchase book.
3. When goods are returned by buyer to seller, buyer sends a debit note.
4. Cheque received and deposited into bank on the same day is a contra entry.
5. Simple petty cash book is not very popular.
6. Interest on overdraft charged by bank is recorded in the cash column.
7. It is not necessary to record dishonor of cheques in the cash book.
8. Cheque book facility is available for fixed deposit account.
9. Businessman generally operates savings bank account.
10. A cash book is both a journal as well as ledger.
11. Cash book is a book of original entry.
12. Cash discount allowed is recorded on the debit side of cash book
13. Credit transactions are never recorded in cash book.
14. Endorsed cheques are always recorded on the payment side in the bank column.
15. A person who endorses the cheque is known as endorser.

Q. The cash book of N Ltd. showed debit balance of Rs.

6, 000

. A comparison of pass book and cash book revealed the following
-Cheques amounting of Rs.

250

has been dishonoured but not recorded in cash book.
-Total of credit side bank column in cash book was under cast by Rs.

475

Balance as per pass book will be ________.

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A Cheque received and paid into the bank on the same day is recorded in the ____________.

The correct option is B Bank column of the cash bookCash book is having two columns i.e cash and bank column. When a cheque is received and deposited on the same day in to the bank, this will be recorded in bank column of the cash book.

The correct option is B Bank column of the cash book
Cash book is having two columns i.e cash and bank column. When a cheque is received and deposited on the same day in to the bank, this will be recorded in bank column of the cash book.