Multiple choice

Rent due for the month of March is recorded _______ in cash book.

  1. on receipts side

  2. on payments side

  3. as contra

  4. nowhere

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

A cash book is a financial journal that contains all cash receipts and payments, including bank deposits and withdrawals. In the given case, no cash is received. Hence, there will be no entry in cash book.