New Enroll in RBI Grade B New Batch - Starts on May 21

    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

    Practice Next