True or False
State whether the following statement is True or False with reasons:
Direct deposit made by debtors into businessman's bank account is recorded on the credit side of Pass Book.
This statement is True.
As businessman is unaware of any amount directly deposited by debtors into a businessman‘s bank account. He is not in a position to record it in cash book while it is already recorded on the credit side of pass book.
Is there an error in this question or solution?