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Standard XI

Accountancy

Direct Payments Made by Bank

Standing orde...

Question

Standing orders for insurance premium of Rs 15,000 to be paid every month shall be _____

Credited in cash book

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Debited in cash book

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Entered in bank statement

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None of the above

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Solution

The correct option is A
Credited in cash book

Standing orders for insurance premium of Rs 15000 to be paid every month shall be credited i.e. subtracted in cash book.

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Standing orders for insurance premium of Rs 15,000 to be paid every month shall be _____

The correct option is A Credited in cash book Standing orders for insurance premium of Rs 15000 to be paid every month shall be credited i.e. subtracted in cash book.

The correct option is A
Credited in cash book

Standing orders for insurance premium of Rs 15000 to be paid every month shall be credited i.e. subtracted in cash book.