Multiple choice

When the interest and dividend are credited by the bank, the amount is recorded in the bank column of cash book

  1. after the entry is posted in the pass book

  2. when the cheque is dishonoured

  3. when the bank charges are levied by the bank

  4. when the interest or dividend is allowed or collected by the bank

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

Correct Answer: after the entry is posted in the pass book