Office cash deposited into bank is recorded on ___ side of double columnar cash book.

Debit side

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Credit side

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Debit side & the credit side

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None of the above

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Solution

The correct option is C
Debit side & the credit side

It will recorded on both debit & credit side of two columnar cash book.

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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.

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Office cash deposited into bank is recorded on ___ side of double columnar cash book.

The correct option is C Debit side & the credit side It will recorded on both debit & credit side of two columnar cash book.

The correct option is C
Debit side & the credit side

It will recorded on both debit & credit side of two columnar cash book.