An entry made in bank column of cash book to record movement of cash between the office and the bank is the?

Answer Details

When cash is transferred between the office and the bank, it involves two transactions - one in the cash book and one in the bank statement. The entry made in the bank column of the cash book to record this movement of cash is called a contra entry. It is a special type of journal entry that appears on both the debit and credit side of the cash book. In a contra entry, the amount is entered in the bank column on one side of the cash book and in the cash column on the other side of the cash book. This is because the transaction involves a transfer of funds between two accounts, and the same amount of money is involved in both the accounts. For example, when cash is deposited in the bank, it is recorded as a debit entry in the bank column and a credit entry in the cash column. When cash is withdrawn from the bank, it is recorded as a credit entry in the bank column and a debit entry in the cash column. Therefore, the answer is that an entry made in the bank column of the cash book to record movement of cash between the office and the bank is a contra entry.