In double column cash book, one is for cash and other is the ___________ column.

Credit

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Bank

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Discount

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All of the above

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Solution

The correct option is C Bank
Cash book with cash and bank column has one additional column on the receipt and payment side along with cash column which is the bank column. Only bank transaction are recorded in this column.

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Similar questions

2013		(₹)
Jan. 1	Cash in hand	6,000
	Bank Balance (Cr)	3,000
3	Deposited into Bank	2,000
5	Received from Mohan	400
	Discount allowed	10
7	Received a cheque from Hari and sent it to bank	600
9	Received a cheque from Prem Mohan	1,600
	Discount allowed	25
12	Withdrew from bank for office use	300
13	Bought goods for cash	600
14	Sold goods for cash	1,200
16	Paid to Ganesh by cheque	494
	Discount received	6
18	Prem Mohan's cheque deposited in the bank
20	Sold goods to Gopal for ₹ 1,500 for which he gave cash ₹ 800 and a cheque of ₹ 700.
22	Deposited into bank (including Gopal's cheque)	900
24	Paid rent by cheque	150
25	Withdrew from bank for personal use	200
28	Bank notifies that Prem Mohan's cheque was dishonoured
30	Received from Anil ₹ 270 in cash and ₹ 540 by cheque.
	Discount Allowed ₹ 90.
	The cheque was deposited into bank.
31	Bank charges as shown in Pass Book	5
	Paid Salary	500

What is a contra entry? How can you deal with this entry while preparing a double column cash book?

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