Question

hello guys!!

distinguish between cash book and cash account.


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Answer 1

Answer:

distinguish between cash book and cash account:-

Explanation:

A cash book is a separate ledger in which cash transactions are recorded, whereas a cash account is an account within a ledger. A cash book serves the purpose of both journal and ledger, whereas a cash account is structured like a ledger. Details or narration are required in a cash book but not in a cash account.

In journal we can record all types of transactions including cash while in cash book we record only cash transactions. A financial journal that contains all cash receipts and payments, including bank deposits and withdrawals. Entries in the cash book are then posted into the general ledger.

May be it's helpful for you

Answer 2

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Cash book vS Cash Account

Cash book is simply a subsidiary book where all the transaction related to cash records are kept.

Cash account is simply an amount where cash receipts or cash payments are entered.

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