Multiple choice

A cheque of Rs. 5,000 received from our customer M/s Ram and Sons was recorded twice in the debit side of Bank Column of Two-Columnar Cash Book. How will you rectify it in the cash book?

  1. Rs. 5,000 is to be entered in the credit side of bank column.

  2. Rs. 5,000 is to be entered in the debit side of bank column.

  3. Rs. 5,000 is to be entered in the credit side of cash column.

  4. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

This is correct. Rs. 5,000 is to be entered in the credit side of bank column. Since we have entered two times or twice the cheque received from our customer M/s Ram and Sons, then we have entered Rs. 10,000 ( 2 x 5,000 (double of 5000)) in the debit side of bank column. Hence, Rs. 5,000 would be entered in the credit side of bank column to nullify the mistake made.

Keep practicing — related questions