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Cheque deposited into Bank increases the Bank balance as per Cash Book.

Monjur Alahi

State whether the following statement are True or False with reason :

Cheque deposited into Bank increases the Bank balance as per Cash Book.


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1 Answers

Salim Ahmed Kawsar

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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.

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A cheque received and deposited into the bank on the same day is a contra entry.

This statement is False.  A cheque received and deposited on the same day is not a contra entry.

2 Answers 1 views
When cheque is ________ into bank Cash Book is debited. 

Correct option is (c) deposited

2 Answers 1 views
(i) Check deposited into Bank but not cleared is called _________ cheque.

(i) Dishonoured (ii) Debit (iii) Debit (iv) Current

2 Answers 1 views
Overdraft as per Cash Book means debit balance as per Cash Book.

This statement is False.  Overdraft as per Cash Book means credit balance as per cash book. Cashbook debit means deposits. When cash book debit balance is greater it means Bank Balance...

2 Answers 1 views
(i) Overdraft as per cash book means debit balance as per cash book.

(i) Normal bank balance as per cash book means debit balance as per cashback. (ii) The Bank column in cashback represents the business’s current account. (iii) The current account is opened by traders for day-to-day...

2 Answers 1 views
The balance of cash at bank as shown by the Cash Book of Pan & Pan Co. on 31st December,m 2016, was ₹7,500. On checking the entries in the Cash Book w

Correct Answer - Cr. Balance as per Pass Book ₹9,015.

2 Answers 1 views
From the following items prepare a Bank Reconciliation Statement on 31st May 2015: (a) Bank balance as per Cash Book on 31st May 2015 ₹17,600. (b) Cas

Correct Answer - Overdraft Balance as per Pass Book ₹1,545.

2 Answers 2 views
On 31st December, 2014 the Cash Book of Gopal showed debit balance of 12,000. On comparing the Cash Book with the Pass Book, the following decrepancie

Correct Answer - Cr. Balance as per Pass Book ₹19,280.

2 Answers 5 views
From The following particulars prepare bank reconciliation statement as on 31st March 2015. (a) Debit balance as per Cash Book ₹1,500 (b) A cheque for

Correct Answer - Overset as per Pass Book ₹470.

2 Answers 1 views
The following information relate to the business of Mohit Raina, who requests you to prepare his ameded Cash Book and reconcile his Cash Book balance

Correct Answer - Adjusted balance as per Cash Book (Cr.) ₹29.000; Pass Book Cr. Balance ₹30,000.

2 Answers 14 views

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