State whether the following statement is True or False.
Cheque deposited into the bank increases the bank balance in the cash book.

True

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False

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Solution

The correct option is A True
True. Cheque deposited into bank for collection are first received by business, and then sent to bank for collection. So the business records the transaction by debiting the bank column in the cash book as the amount is going to get added in the bank account and not as cash balance in the form of currency.

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State whether the following Statements are True or False.

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	₹
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State whether the following statement is True or False.Cheque deposited into the bank increases the bank balance in the cash book.

State whether the following statement is True or False.
Cheque deposited into the bank increases the bank balance in the cash book.