Question

cash book does not record the transaction of​

Answer 1

Explanation:

When a cashbook is maintained, transactions of cash are not recorded in the journal, and no separate account for cash or bank is required in the ledger. The single column cash book records all cash transactions of the business in a chronological order, i.e., it is a complete record of cash receipts and cash payments

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Answer 2

Answer:

The cash book does not record the transaction of​ Credit sales, Credit purchases, or rectifying entries involving two accounts other than cash accounts.

Explanation:

Cash Book

• It is a subpart of the general ledger in which all cash transactions during a current financial period are recorded.
• The transactions are recorded in chronological order to follow up on the system or the procedure and are timely updated and verified on a continuous basis.
• Many big or large organisations divide the cash book into two parts:- 1. The Cash Payment Journal, 2. the cash receipt journal.
• A cash account is totally different from a cash book wherein the latter has a separate ledger in which all cash transactions are recorded.
• The three common ways of maintaining cash books are - single column, double column and triple column.

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