New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    Any decrease in the bank balance is recorded on ______ side of Cash Book and in _______ Column of Pass Book.

    A Debit; Credit Correct Answer Incorrect Answer
    B Credit; Debit Correct Answer Incorrect Answer
    C Debit, Debit Correct Answer Incorrect Answer
    D Credit, Credit Correct Answer Incorrect Answer

    Solution

    Cash book is prepared by Companies. As per the rule, Debit what comes in- credit what goes out. Journal entry would be – cash book A/c Debit and Bank A/c will be credited. Opposite entries is passed in pass Book

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