Join ExamsbookAnswer : 2. "Double column cash book is prepared"
Contra-entries are passed only when5
Q: Contra-entries are passed only when
- 1Simple cash book is preparedfalse
- 2Double column cash book is preparedtrue
- 3Three column cash book is preparedfalse
- 4None of the abovefalse
- Show AnswerHide Answer
- Workspace
Answer : 2. "Double column cash book is prepared"
Explanation :
Answer: B) Double column cash book is prepared Explanation: Contra-entry is the entry which effected the both sides in cash book. It is occured in three times, i.e., 1.Cash deposited in to bank, 2.Cash withdrawn from the bank for office use, and 3.Receivable cheque deposited in to the bank in another day.