MCQ
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.
Options
True
False
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Solution
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?
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