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Question
Complete the following statement:
Payments credited in Cash Book are __________ in Pass Book.
Solution
Payments credited in Cash Book are debited in Pass Book.
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RELATED QUESTIONS
Answer in one sentence:
What does a debit balance in Cash Book represent?
Answer in one sentence:
What does debit balance in Pass Book represent?
Give one word/term/phrase which can substitute the following statement:
Debit balance in Pass Book.
Give one word/term/phrase which can substitute the following statement:
Credit balance in Cash Book.
Give one word/term/phrase which can substitute the following statement:
A book maintained by trader to record banking transactions.
Do you agree or disagree with the following statement:
The bank column of Cash Book represents bank account.
Do you agree or disagree with the following statement:
Difference in Cash Book balance and Pass Book balance may arise due to errors committed while recording.
Select the most appropriate alternative from those given and rewrite the following statement:
Overdraft means _______ balance of Cash Book.
Select the most appropriate alternative from those given and rewrite the following statement:
Bank balance as per Pass Book means ___________ balance of Pass Book.
Select the most appropriate alternative from those given and rewrite the following statement:
Debit balance as per Cash Book is also known as ___________ balance.
Select the most appropriate alternative from those given and rewrite the following statement:
When extract of Cash Book and Pass Book are given for common period, only _________ items are considered for preparation of Bank Reconciliation Statement.
Complete the following statement:
Online transfer made to our creditors appear on the _________ side of Cash Book.
Complete the following statement:
Interest on overdraft charged by bank is ____________ in Pass Book.
Complete the following statement:
Normally the Cash Book shows debit balance and Pass Book shows ________ balance.
State whether the following statement is True or False with reasons:
Direct deposit made by debtors into businessman's bank account is recorded on the credit side of Pass Book.
State whether the following statement is True or False with reasons:
When overdraft as per Cash Book is given, bank charges debited in Pass Book only, is to be added.
Correct and rewrite the following statement:
When a cheque is deposited into Bank it is credited to Cashbook.
