Question: Double entry in Cash Book is completed when:
a) Salaries are paid by cheque
b) Withdrawal of money from bank for personal use
c) Deposited cash into bank
d) None of these
Answer: (c) Deposited cash into bank Description: Double Entry is completed in cash book when cash is deposited into bank as this is a contra entry so no further entry will be required anywhere else.
Question:
Double entry in Cash Book is completed when:
a) Salaries are paid by cheque
b) Withdrawal of money from bank for personal use
c) Deposited cash into bank
d) None of these Answer:
(c) Deposited cash into bank Description: Double Entry is completed in cash book when cash is deposited into bank as this is a contra entry so no further entry will be required anywhere else. Source: CoolInterview.com
If you have the better answer, then send it to us. We will display your answer after the approval.
Rules to Post Answers in CoolInterview.com:-
There should not be any Spelling Mistakes.
There should not be any Gramatical Errors.
Answers must not contain any bad words.
Answers should not be the repeat of same answer, already approved.
Answer should be complete in itself.
Related Questions
View Answer
In petty cash book, the system followed:-
(a) Accrual System (b) Imprest System (c) Ledger System (d) None
Cheques received but deposited on the next day are recorded in:
a) Cash column of the cash book
b) Bank column of the cash book
c) Both of these
d) none of these
If the debit and credit aspects of a transaction are recorded in the cash book it is a:
a) Contra Entry
b) Simple Entry
c) Double Entry
d) Single Entry