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Byju's Answer
Standard XII
Accountancy
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Rent outstand...
Question
Rent outstanding for the month of February will appear_________.
A
on the debit side of the cash book
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B
on the credit side of the cash book
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C
as a contra entry in the cash book
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D
no entry in the cash book
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Solution
The correct option is
C
no entry in the cash book
As no cash is paid or received therefore, no entry in the cash book.
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Q.
Transaction recorded both on debit and credit side of cash book is known as contra entry.
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A contra entry in the Cash Book means that:________.
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Contra entry does not appear on both the sides of the three column cash book.
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Petty cash vouchers are used to record entries on the debit side of the petty cash book.
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In case of three columnar cash book, contra entry is used for ____________.
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