Accountancy, asked by SuhailAbdulSathar, 1 month ago

a cash book serves both the purpose of journal and the ledger
explain

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Answered by Anonymous

3

Answer: -

A cash book o both a journal as well as a ledger. The cash book is a journal because it records the cash transactions from the source document for the first time and then these are posted in the respective ledger accounts. Thus, the cash book serves the purpose of a subsidiary book as well as the principal book.p

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