Bank column of the cash book always shows a debit balance . (True/False )
Answers
Answer:
true.....................
Answer:
True
Explanation:
Where and how much money comes from, where and how much goes, then how much is left. A cash book is created to reveal this. It is the book of preliminary accounts in which the receipts and payments of money are recorded. Cash book, a cash book is a financial journal containing all cash receipts and payments, including bank deposits and withdrawals; Entries in the cash book are then posted to the general ledger; Cash Book/Cash Book is used to record cash receipts and payments one. The cash book keeps records of cash transactions. Whereas a passbook is issued by the bank to the account holder which records the deposits and withdrawals. Cash book is prepared by the firms whereas passbook is written by the banks and maintained by the customer.
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