A Cheque received and paid into the bank on the same day is recorded in the ____________.
A
Cash column of the cash book
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B
Bank column of the cash book
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C
Both the cash and bank columns of the book
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D
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.