Question

Give two similarities of Cash Book with Ledger.​

Answer 1

In a way, the cash book serves the purpose of the ledger. In both the cash book and ledger opening balances are brought down and closing balances are carried forward. Both have debits and credits side. Both have ledger folios used as a reference.

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Answer 2

Answer:

Concept:

Cash Book is a book of accounts which acts as journal and ledger both.

Solution:

The similarities of Cash book and Ledger are-

• Both have opening and closing balances.
• Both of them make entries according to debit and credit sides.