Question

Cash book entry for cash balance

Answer 1

Answer:

Recording in a Cash Book

All cash receipts are recorded on the left-hand side as a debit, and all cash payments are recorded by date on the right-hand side as a credit. The difference between the left and right sides shows the balance of cash on hand, which should be a net debit balance if cash flow is positive.

Answer 2

Answer:

Cash Book contains cash transactions passing into and out of a business. The primary book where transactions regarding cash receipts and payments are recorded in a chronological order of dates with explanations and balance is drawn at the end of the day or a particular period is called cash book.✌✌✌