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Question

When cheques received from a customer are deposited into the bank for collection, which of the following is correct?


A

An entry is made on the debit side of the cash book in the bank column

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B

An entry is made on the credit side of the cash book in the bank column

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C

Cannot be determined

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D

None of the above

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Solution

The correct option is A

An entry is made on the debit side of the cash book in the bank column


When cheques received from a customer are deposited into the bank for collection, an entry is made on the debit side of the cash book in the bank column.


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