Question

Goods purchased and paid by cheque. How to pass entry by double column cash book?

Answer 1

Answer:

under credit column of bank account in the cash book,

by purchases - (cost of goods purchased)

Answer 2

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☞When a check received from a receivable on a date subsequent to its receipt is deposited into the bank account, the entry is made in the bank column on the debit side and in the cash column on credit side. It is called a contra entry......♥

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