Multiple choice

Received cheque from a party(not yet deposited) affects which side of bank column in a cash book.?

  1. debit side

  2. credit side

  3. both of them

  4. no effect

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A cheque that has been received but not yet deposited is generally treated as 'Cash in Hand' rather than a bank balance. Therefore, it does not affect the bank column of the cash book until the moment it is actually deposited.