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Question Practice

In a double column cash book, how are withdrawals from the bank shown?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Recording of Transactions - II
Question Bank

In a double column cash book, ...

Single Answer MCQ
Q-00053985

In a double column cash book, how are withdrawals from the bank shown?

1

As debits in the bank column

2

As credits in the cash column

3

As contra entries

4

As debits in the cash column

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Q1.

What is the purpose of a cash book?

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Q2.

In a double column cash book, what does the bank column represent?

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Q3.

What happens to the contra entries when posting from the cash book to the ledger?

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Q4.

Why might a business choose to maintain a petty cash book?

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