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If cash ₹10,000 is deposited into the bank, how will it be recorded in a Double Column Cash Book?
  • a)
    Debit Cash ₹10,000, Credit Bank ₹10,000
  • b)
    Debit Bank ₹10,000, Credit Cash ₹10,000
  • c)
    Debit Cash ₹10,000, Credit Capital ₹10,000
  • d)
    Debit Bank ₹10,000, Credit Capital ₹10,000
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
If cash ₹10,000 is deposited into the bank, how will it be recorded in...
Deposit into bank means cash decreases and bank balance increases. In Double Column Cash Book, a contra entry (C) is passed:
  • Bank A/c (Dr.) – on the Debit side
  • Cash A/c (Cr.) – on the Credit side
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