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Question
Fill in the blank:
The _______ cheque is more safe than other cheques as it cannot be encashed on the counter of the bank.
Solution
The crossed cheque is more safe than other cheques as it cannot be encashed on the counter of the bank.
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RELATED QUESTIONS
Fill in the blank:
___________ is the document on the basis of which the entry is recorded in journal.
There are _______ parties to a cheque.
Prepare specimen of Tax Invoice.
Prepare specimen of Receipt
Prepare specimen of Crossed cheque
Prepare specimen of Cash voucher.
Do you agree or disagree with the following statement:
Cheques issued for payment but not presented to bank appears in Cash Book only.
Complete the following statement:
Overcast on receipt side of Pass Book means _________ in Pass Book balance.
Complete the following table:
| Sr. No. | Transactions | Debit Amount (₹) | Credit Amount (₹) |
|
1 |
Paid Income Tax ₹ 5,000 by cheque | ? | Bank A/c |
| 2 | Received from Sonali ₹ 20,000 by RTGS | Bank A/c | ? |
| 3 | Sanjay became insolvent and not received ₹ 500 | ? | Sanjay A/c |
| 4 | Purchased Horse for ₹ 10,000 |
? |
Cash A/c |
| 5 | Transferred from Fixed deposit A/c of proprietor to business Bank A/c ₹ 50,000 | Bank A/c | ? |
Complete the following table:
| Reasons | When Normal balance as per Cash Book is given Add/Less | When Normal balance as per Pass Book is given Add/Less |
| 1) Interest debited in Pass Book only. | ||
| 2) Direct deposit made by customer in bank recorded in Pass Book | (+) | |
| 3) Cheque deposited into bank but not yet collected by bank | ||
| 4) Cheque deposited into bank is dishonoured | (+) | |
| 5) Cheque issued but not presented for payment. | (-) |
