Banking · Cash Operations and General Ledger
Consider the following statements regarding the synchronization between the Cash Book and General Ledger in bank branch operations: Statement I: The Cash Account in the General Ledger is updated only at month-end. Statement II: Every cash transaction requires a dual entry in the Cash Scroll/Book and the respective General Ledger account. Statement III: System 'Cash in Hand' closing balance must exactly equal physical cash counted in the vault at end of day. Which of the above statements are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Only I
- 2Only I and II
- 3Only II and III✓
- 4I, II and III
Correct answer
Only II and III
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Banking?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Cash Operations and General Ledger MCQs →Want more practice questions on Cash Operations and General Ledger?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Banking · Cash Operations and General Ledger