A cash book is called a journal as well as a ledger. why
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hloo!!
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Why cash book is called a journal as well as a ledger ?
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Cash book is a book in which all transactions relating to cash receipts and cash payments are recorded. It starts with the cash or bank balances at the beginning of the period. Generally, it is made on monthly basis. This is a very popular book and is maintained by all organizations , big or small, profit or not-for-profit. It serves the purposes of both journal as well as the ledger (cash) account.
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Hope it clear your doubts.
☺☺☺
___________________________
Why cash book is called a journal as well as a ledger ?
___________________________
Cash book is a book in which all transactions relating to cash receipts and cash payments are recorded. It starts with the cash or bank balances at the beginning of the period. Generally, it is made on monthly basis. This is a very popular book and is maintained by all organizations , big or small, profit or not-for-profit. It serves the purposes of both journal as well as the ledger (cash) account.
___________________________
Hope it clear your doubts.
☺☺☺
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