The correct answer is a. Debit bank column Sh.750,000.

Here's why:

When cash is deposited into a business bank account, it increases the bank balance. In double-entry bookkeeping, an increase in an asset account, like a bank account, is recorded as a debit. Therefore, you would debit the bank column in the cash book. The amount of the debit would be the amount of the cash deposit, which in this case is Sh.750,000.

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The correct answer is a. Debit bank column Sh.750,000.

Here's why:

When cash is deposited into a business bank account, it increases the bank balance. In double-entry bookkeeping, an increase in an asset account, like a bank account, is recorded as a debit. Therefore, you would debit the bank column in the cash book. The amount of the debit would be the amount of the cash deposit, which in this case is Sh.750,000.

Knowee AI · Accepted Answer

The correct answer is a. Debit bank column Sh.750,000.

Here's why:

When cash is deposited into a business bank account, it increases the bank balance. In double-entry bookkeeping, an increase in an asset account, like a bank account, is recorded as a debit. Therefore, you would debit the bank column in the cash book. The amount of the debit would be the amount of the cash deposit, which in this case is Sh.750,000.

Sh.750,000 cash deposited in the business bank account will be posted in the cash book as?Question 5Answera.Debit bank column Sh.750,000b.Debit bank column Sh.750,000c.Debit cash column Sh.750,000d.Debit cash column Sh.750,000

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