State whether the following statement are True or False with reason :
A cheque received and deposited into the bank on the same day is a contra entry.
Answered Feb 05, 2023
This statement is False.
A cheque received and deposited on the same day is not a contra entry.
Correct option is: (C) World population day
1. HDFC Bank 2. Air India
Correct option is (c) deposited
(i) Dishonoured (ii) Debit (iii) Debit (iv) Current
This statement is True. The Debit side of the cash book means deposits. So cheque deposited into the Bank increases the Bank Balance as per Cash Book.
Correct Answer - Rs 11800
Correct Answer - ₹ 25600
Correct Answer - Rs. 1500
Correct Answer - Rs. 700, Rs. 1350 and Rs. 1850
Correct Answer - 3 years
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