Question

25 Commission received by cheque 230, deposited in the bank on 28th April.
What is the entry in cash book?​

Answer 1

Answer:

A Simple Cash Book is ruled exactly like a ledger. When cash is received, it is entered on the debit side of the book, and similarly cash payment is entered on the credit side. When cash is received by the cashier, usually a cash receipt is issued against the cash; the cash receipt possesses a number (R.No.)