(8) On the deposits of Mr. ‘X’, the Bank paid an interest of Rs.250/-. How will you
account for the interest in the book of Mr. X?
Frame - 2
Answer the following questions and fill in the blanks
Make a list of subsidiary records and indicate the purpose for which they are
maintained in an organisation.
Discount is an ____ account. Therefore, when a discount is received it
shall be__ and when discount is given to others it shall be _____
When a Self Cheque is drawn, the cash column in the Bank shall be and
column will be credited in the cash book
The excess of debit over credit is ___ balance.
The excess of credit over debit is___ balance.
The debit balance should be posted on the __ side of its account.
The credit balance should be posted on the ____ side of the account.
The LF stands for _____
The letter ‘C’ in cash book stands for ___ meaning ____
The Cash Account in cash book must always show _____ balance.
The credit balance of Bank Account in Cash Book means _____
True or false/ Agree or Disagree:
When a cheque is issued to a party debit the bank column and credit the cash
column. (True or false) If incorrect, what are the correct entries and how should they
be recorded in the Cash Book.
One must always go for major cash transaction in the Office, instead of going for
transactions through Bank. (Agree or disagree) Give reasons for your answer.