Question

Cash book records



Only cash transactions

Only bank transactions

Both Cash & Bank transactions

Both Cash and Credit Transactions

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Answer 1

Explanation:

1. A cash book is a financial journal that contains all cash receipts and disbursements, including bank deposits and withdrawals. Entries in the cash book are then posted into the general ledger.
2. A cash transaction is the immediate payment of cash for the purchase of an asset. Some market stock transactions are considered cash transactions although the trade may not settle for a few days. A futures contract is not considered a cash transaction.
3. A bank transaction is a record of money that has moved in and out of your bank account. When you have costs
4. All transactions in the cash book have two sides: debit and credit. 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 double-column cash book shows cash receipts and payments as well as details about bank transactions.
6. The only difference between cash and credit transactions is the timing of the payment. A cash transaction is a transaction where payment is settled immediately. On the other hand, payment for a credit transaction is settled at a later date. ... That can also be classified as a cash transaction because you paid immediately.