A transaction recorded on the credit side of cash book is transferred to the ledger _______________.

On debit side of the account

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

On credit side of the account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Is not posted anywhere

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Either (a) or (b).

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A On debit side of the account
Rules regarding posting of cash book are given below: (i) Transactions recorded on the debit side of cash book are posted on the credit side of accounts opened in the ledger. (ii) Transactions recorded on the credit side of the cash book are posted on the debit side of different accounts in the ledger.

Suggest Corrections

Similar questions

Q. A transaction recorded on the debit side of cash book is transferred to the ledger _________________.

Write the word, term, phrase, Which can substitute each of the following statement.

1) Transfer of a Journal entry from Journal to ledger.
2) Total of Debit side of an A/c is more than total of Credit side of an A/c.
3) Page number of ledger.
4) A book of an account in which all ledger accounts are maintained.
5) Left hand side of an account.
6) Right hand side of an account.
7) Types of accounts which are not balanced but transferred to Trading A/c or Profit & Loss A/c.
8) Bound book of accounts.
9) An account where total of Purchases Book is posted.
10) A statement of accounts prepared from the balances of ledger account.

Q. If the debit and credit aspects of a transaction are recorded in the cash book it is a:

To which side of the ledger account are the transactions on the payments side of the cash book posted?

Ananya withdrew Rs. 2,000 per month for personal use, recording each transaction as a debit to her drawing account and a credit to her cash account. The journal entry closing the drawing account requires a credit to _______ account & debit to _______ account.

Join BYJU'S Learning Program