Multiple Choice Questions on A cheque received and paid into the bank on the same date is recorded in the ........ for UPSC EPFO Exam Preparation

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Multiple Choice Questions

A cheque received and paid into the bank on the same date is recorded in the ........

General Accounting Principles Accounting cycles
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    A cheque received and paid into the bank on the same date is recorded in the

    Bank column of the cash book

    Correct Answer

    Cash column of the cash book

    Incorrect Answer

    Both the cash and bank column of the cash book

    Incorrect Answer

    None of above

    Incorrect Answer
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    Explanation:

    Cash book is having both the columns i.e cash and bank. If cheque is received and deposited on the same day, this should be recorded in bank column of the cash book.

    By: SWAPNIL AGGARWAL
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