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RT
Question Practice

When preparing a double column cash book, how are deposits into the bank recorded?

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

When preparing a double column...

Single Answer MCQ
Q-00053977

When preparing a double column cash book, how are deposits into the bank recorded?

1

On the receipts side of the cash column

2

On the payments side of the bank column

3

On the receipts side of the bank column

4

As contra entries

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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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