Discount received is recorded on which of the following side of a cash book?

Related Mcqs:

A credit balance in cash book indicates?

A. Bank balance B. Cash at bank C. Bank overdraft D. Bank underdraft...

Petty cash fund is supposed to be replenished?

A. Every day B. Every half year C. Every year D. At the end of every accounting period...

Postdated checks are considered as__________?

A. Cash B. Bank balance C. Accounts receivable D. Cash reserve...

Which of the following is generally not the party to a check?

A. Payee B. Payer C. Bank D. Seller...

A simple or one column cash book usually has which of the following main columns?

A. Bank B. Payments C. Discount D. Cash...