Home › CBSE Class 11 (Commerce) › Accountancy › Bank Reconciliation Statement › A cheque issued by a firm is first entered on wh…
A cheque issued by a firm is first entered on which side of its cash book?
AOn either side at will
BOn the debit side
COnly after it is paid
DOn the credit side
Answer & Solution
Correct answer: D. On the credit side
A cheque issued reduces the bank balance, so it is credited in the bank column at once.
Related questions
Wrong totalling in the bank's records of deposits is which type of difference?Why do unpresented cheques create a difference?Insurance premium paid by bank on standing order: passbook versus cash book?Unpresented cheques make a favourable cash book balance what versus the passbook?Cash book Rs 48,000, passbook Rs 51,500; only unpresented cheques differ. Their total?Payment side was undercast by Rs 100; balance shown Rs 10,000. Correct balance?A debit balance of Rs 1,500 was carried forward as credit. The balance is wrong by?Cash book shows Rs 20,000, but a Rs 5,000 issued cheque was entered twice. Correct balance