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Question
Cash deposited into bank comes under bank voucher.
Options
True
False
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Solution
This statement is false.
Explanation:
- A bank voucher is used for transactions involving direct payments or receipts through the bank, such as cheque payments, online transfers, or withdrawals.
- Cash deposited into a bank is actually recorded through a contra voucher because it involves both cash and bank accounts, which are part of the company’s cash flow but not an external party transaction.
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