Convert it into a Cashbook
please
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Disclaimer:
The attached image is the screenshot of the excel file I create my self to prepare the cash book; it is not a screenshot from any other website or image of a book.
Answer:
Refer to the attachment for the cash book.
Explanation:
In a cash book, flow (inflow or outflow) of cash (in hand or cash at bank) is recorded.
Since cash is an asset, its increase is debited and decrease is credited.
The cash book is prepared as per the rules of debit and credit, where increase in cash is debited and decrease in cash is credited.
In case of a contra entry, where both cash a/c and bank a/c are involved, a 'c' is written in the LF column of both the credit and debit sides accordingly.
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