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

On the debit side of the account

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

On the credit side of the account

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

Is not posted anywhere

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

Both (a) and (b).

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

Open in App

Solution

The correct option is A On the credit 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 credit side of cash book is transferred to the ledger _______________.

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

Q. Transaction recorded both on debit and credit side of cash book is known as contra entry.

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.

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.

Join BYJU'S Learning Program