enter the following in columns of cash book -cashed a cheque of rs 15000 and paid salary in cash 12500 ​

Salary paid in cash rs12500
Ans:On payment side of cash book in cash column :By salary A\c 12500

Cashed cheque
It would be a contra entry
  • 16
Why countra entry
  • -3
contra entry is used when the bank transaction take place ..
 
  • 6
Is this cheque is already deposited into the bank
  • 1
Cashed a cheque means withdraw money from bank with cheque It will be a contra entry because cash in hand increases and cash at bank decreased.
  • 0
Please answer this

  • -1
What are you looking for?