When cheques received from a customer are deposited into the bank for collection, which of the following is correct?
An entry is made on the debit side of the cash book in the bank column
An entry is made on the credit side of the cash book in the bank column
Cannot be determined
None of the above
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.