DIFFERENCE BETWEEN BANK ACCOUNT AND CASH ACCOUNT...?
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In bank account we pass and record the entry that are only made through cheque
In cash account we record the entry that are made through cash not cheque
In cash account we record the entry that are made through cash not cheque
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In bank account,
We record all bank related transactions like , goods purchased or sold expenses paid or income received through cheque or bank draft.
Whereas
in cash account, we record only cash transactions like cash sales , cash purchases, income received through cash, expenses paid in cash.
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