Question

Give features of cash book​

Answer 1

Answer:

Hey mate here is your answer.....

The main features of the cash book are as under:

(i) Records Only Cash and Bank Transactions:

In the cash book, the transactions relating to cash and/or bank are recorded. Non-cash transactions cannot be recorded in the cash book.

.(ii) Transactions are Recorded in the Chronological Order:

All transactions are recorded in the cash book in the chronological order i.e. in order of their occurrence.

(iii) Cash Column cannot have Credit Balance:

Cash column of the cash book cannot have the credit balance which means that credit side of the cash column cannot exceed the debit side of the cash column. This is so because the enterprise cannot pay more than what it has.

hope it's helpful for you.....

thanks

Answer 2

Answer:

Features of Cash book are ❣❣↙↙

➡Cash book contains only cash transactions

➡Cash book performs role of both journal and ledger.

➡The receipts are recorded on debit side and payments are recorded on credit side

➡Transactions are recorded in chronological order

HOPE THIS HELPS YOU ❤❤✔✔✌✌