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Question

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

A
On debit side of the account
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B
On credit side of the account
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C
Is not posted anywhere
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D
Either (a) or (b).
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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.

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