Question

One outgoing cheque of Rs.300 was recorded twice in the cash book. explain this question

Answer 1

The cheque of Rs. 300 was recorded twice in the cash book, and then it means that the credit balance is low.

By the passbook, it is a high amount. So we debit the Rs.300 in cash book, which is a contra entry.

In this type, both the payments and receipts for the amount will record.

Answer 2

Answer:

Explanation:U can understand it by the concept of rectification of error..here in the ques payment is made of 300 but recorded twice..cash book will be credited by 600 in place of 300..so we have to debit the cashbook by 300..as per cocept of rectification of errors..