Question

bank column appearing in two column cash book represents _____ bank account optoin a fixed b current c recurring d saving​

Answer 1

Answer:

the is answer of the blank

Answer 2

Answer:

The correct option is b current.

Explanation:

• A subsidiary book called a cash book is used to keep track of both cash and bank transactions. A cash book functions as both a ledger and a journal.
• A cash book is used to keep track of both cash payments and receipts. As part of internal audits, the cash book is routinely reconciled with the bank statements.
• Because correct upkeep and reconciliation with bank records are essential for a corporation, cash books are significant.
• Instead of keeping cash receipts and payment records, some businesses keep cash books. This is so that a cash book may be used to track all cash receipts and payments. It is comparable to the cash account kept in the ledger.

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