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State whether the following statement is True or False with reasons: Cheques deposited into bank but not yet cleared appears in the Pass Book only. - Book Keeping and Accountancy

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प्रश्न

State whether the following statement is True or False with reasons:

Cheques deposited into bank but not yet cleared appears in the Pass Book only.

विकल्प

  • True

  • False

MCQ
सत्य या असत्य

उत्तर

This statement is False.
Cheques deposited into bank should be recorded first on the debit side of cash book and after receiving the amount by bank, bank will credit it. Thus, uncleared cheques appear in the cash book only.
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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 6: Bank Reconciliation Statement - Exercises [पृष्ठ २०६]

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बालभारती Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board
अध्याय 6 Bank Reconciliation Statement
Exercises | Q 6. 1. | पृष्ठ २०६

संबंधित प्रश्न

Answer in one sentence:

What is pay-in-slip?


Answer in one sentence:

What is withdrawal slip?


Answer in one sentence:

Who sends the bank statement?


Give one word/term/phrase which can substitute the following statement:

A form which is filled for depositing cash or cheque into bank.


Give one word/term/phrase which can substitute the following statement:

Left hand side of Pay-in-slip.


Do you agree or disagree with the following statement:

Bank advice is sent by the businessman to bank.


Do you agree or disagree with the following statement:

Pay-in-slip is used for depositing cheque into bank.


Select the most appropriate alternative from those given and rewrite the following statement:

When a cheque is deposited and collected by bank Pass Book is _________.


Select the most appropriate alternative from those given and rewrite the following statement:

A __________ is a summary of financial transactions that take place over a period of time on a bank account.


Complete the following statement:

Cheques issued to creditors appear first in ____________ book.


Complete the following statement:

The form filled for withdrawing cash from bank is known as __________.


Complete the following statement:

A businessman can update his records on receiving __________.


Draft the following specimen with imaginary Name, Account Number, Amount.

Bank Statement


Draft the following specimen with imaginary Name, Account number, Amount.

Pay-in-slip


Draft the following specimen with imaginary Name, Account number, Amount:

Withdrawal slip


Draft the following specimen with imaginary Name, Account number, Amount.

Bank Pass Book


Draft the following specimen with imaginary Name, Account number, Amount:

Bank Advice


Correct and rewrite the following statement:

Debit balance as per Pass Book is known as favourable balance.


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