State whether True or False:
All transactions related to bank are recorded in the bank column of the cash book and these transactions are also recorded in the pass book by the bank.

True

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False

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Solution

The correct option is A True
All transactions related to bank are recorded in the bank column of the cash book by the trader
and these transactions are also recorded in the pass book by the bank.

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Similar questions

Q. State whether the following statements are true or false :

In Book-keeping & Accountancy non-monetary transactions are also recorded.

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.

State true of false :

In Book - keeping & accountancy non- monetary transactions are also recorded.

Q. An account book which is maintained by the businessman to record only banking transactions entered with the various banks is called Bank book.

Q. From the following transactions, prepare Cash Book with Cash and Bank Columns:−

2016		(₹)
May 1	Cash in hand	4,800
	Bank Overdraft	30,400
2	Fresh Capital introduced	20,000
3	Deposited into Bank	15,000
4	Sold goods to Mahesh on Credit	6,200
5	An amount of ₹ 4,200 due from Ashok written off as bad debts in the previous year, now recovered.
6	Withdrew from bank for the payment of Life Insurance Premium	3,000
8	Received a cheque form Mahesh for ₹ 6,000 in full settlement of his account and deposited the same into the Bank.
10	Sold goods to Varun on Credit.	30,000
12	Received a cheque for ₹ 28,000 from Varun in full settlement.
15	Cheque received from Varun sent to Bank
18	Varun's cheque returned by Bank dishonoured. Bank charged ₹ 25 on this cheque.
20	Received a cheque of ₹ 6,800 from Vijay which was endorsed to AmritRaj on 23rd May.
25	Withdrew cash from Bank ₹ 5,000 for paying gift to his daughter on her birthday.
26	Bought goods from Gupta General Store for ₹ 10,000 on credit and they allowed us trade discount of 25%.
28	Paid to Gupta General Stores in cash in full settlement	7,000
28	Sale of old machinery, payment received in cash ₹ 7,700.
30	Paid Salary by cheque ₹ 1,500. Paid Rent in cash ₹ 2,200.
31	Paid into Current Account the entire balance after retaining ₹ 5,000 at office.

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State whether True or False:All transactions related to bank are recorded in the bank column of the cash book and these transactions are also recorded in the pass book by the bank.

The correct option is A TrueAll transactions related to bank are recorded in the bank column of the cash book by the trader and these transactions are also recorded in the pass book by the bank.

State whether True or False:
All transactions related to bank are recorded in the bank column of the cash book and these transactions are also recorded in the pass book by the bank.

The correct option is A True
All transactions related to bank are recorded in the bank column of the cash book by the trader
and these transactions are also recorded in the pass book by the bank.