PRC-1 · Chapter 9 · Question 88 of 100
Which side of the cash book is used to record bank deposits and receipts?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) The debit side
Explanation
The bank account in the cash book is an asset account. Increases in assets (receipts and deposits) are recorded on the debit side.
More Bank Reconciliations MCQs
- Q90If the bank statement shows an overdraft of Rs. 5,000, and unpresented cheques amount to Rs. 2,000, what is the cash book balance…
- Q91If the bank statement shows an overdraft of Rs. 5,000, and uncredited cheques amount to Rs. 2,000, what is the cash book balance (assuming…
- Q92If the adjusted cash book shows an overdraft of Rs. 4,000, and unpresented cheques amount to Rs. 3,000, what is the bank statement balance?
- Q93If the adjusted cash book shows an overdraft of Rs. 4,000, and uncredited cheques amount to Rs. 3,000, what is the bank statement balance?
- Q94The bank statement shows a debit balance (overdraft) of Rs. 10,000. The cash book shows a credit balance (overdraft) of Rs. 12,000…