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Bank Reconciliation Statement — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountBank Reconciliation Statement1 Mark
MCQ
When a cheque received on a particular date is not deposited the same day into bank, it is entered in ____________.
  • A
    Cash column on the debit side.
  • B
    Bank column on the debit side.
  • ✓
    Cash column on the credit side.
  • D
    Cash column on the debit side and credit side.
✓

Answer

Correct option: C.
Cash column on the credit side.
Explanation:
When a cheque received is not deposited on the same day, it is taken in the cash account and when it is deposited in bank, then a contra entry is passed.
For example cheque received from Ram on 15th March is deposited on 18th March, following entries will be passed: $\frac{15}{3}$Cash A/c Dr.

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