Multiple choice

When a cheque received on a particular date is not deposited the same day in the bank, it is entered in

  1. cash column on the debit side

  2. bank column on the debit side

  3. cash column on the credit side

  4. cash column on the debit side and credit side
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A Correct answer
Explanation

A cheque received but not deposited the same day represents cash in hand. In a triple column cash book, such cheques are initially recorded in the cash column on the debit side because the business holds them physically until bank deposit. The bank column entry is made only when the cheque is actually deposited into the bank account.

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