Question

Select the most appropriate alternatives from those given below :

Direct deposit made by customer into our bank is recorded on the _______ side of the cash book.
a) payment
b) credit
c) receipt
d) both

Answer 1

Direct deposit made by customer into our bank is recorded on the receipt side of the cash book.

Explanation:
Direct deposit made by a customer in his bank account is to be recorded on the receipt side of the Cash Book, as it is a deposit made in the Bank A/c.
All the deposits made in the Bank A/c are recorded on the credit side of the Pass Book.