A cheque is received from a creditor and paid into the bank on the same day. How will this transaction be recorded in the cashbook?
When a cheque is received from a creditor and deposited into the bank on the same day, the transaction will be recorded in the bank column of the cashbook. This is because the amount of the cheque will increase the bank balance of the business. The cash column of the cashbook is used to record cash transactions, whereas the bank column is specifically used to record transactions related to the bank account, including deposits and withdrawals.
With reference to fundamental rights which of the following statements is/are correct?
1. Fundamental rights promote SocioEconomic democracy.
...The sum of three numbers is 254. If the ratio of the first to the second is 4:5 and that of second to the third is 8:11 then the second number is?
The Kaladan Multi-Modal Transit Transport Project connects India with which one of the following countries?
Which of the following statements about standard deviation is true?
What is the insurance coverage provided by Aam Admi Bima Yojana in case of permanent total disability?
What is the time period during which women can be employed at night subject to their consent and safety under the OSH Code 2020?
Who won the Hockey India Men's World Cup Player of the Year award for 2022?
Which layer of the OSI model is responsible for dividing data into smaller units for transmission?
Which aerospace successfully test fires 3D-printed rocket engine ?
What is the principle of insurable interest in insurance?
