Question

How do credit transactions (whether given or taken) will be entered in the cash book?

Answer 1

Answer:

A cash book records the transactions related to cash receipts and cash payments. Thus, it records only those transactions that involve cash inflows or outflows. Credit transactions are not recorded in the cash book as it does not involve any cash inflows or outflows.

Answer 2

✧═════════════•❁❀❁•══════════════✧$\huge\color{Pink}\boxed{\colorbox{Black}{❥Mysteryboy01}}$

✧═════════════•❁❀❁•══════════════✧

$\huge\star\underline{\mathtt\orange{❥Good} \mathfrak\blue{Ev }\mathfrak\blue{e} \mathbb\purple{ n}\mathtt\orange{in} \mathbb\pink{g}}\star\:$

$\huge\star\huge{ \pink{\bold {\underline {\underline {\red {Great Day }}}}}} \star$

$\huge\blue\bigstar\pink{Be Safe Always }$

$\huge\fbox \red{✔Que} {\colorbox{crimson}{est}}\fbox\red{ion✔}$

The Question is Give below

$\huge\color{Red}\boxed{\colorbox{black}{♡Answer ♡}}$

A cash book records the transactions related to cash receipts and cash payments. Thus, it records only those transactions that involve cash inflows or outflows. Credit transactions are not recorded in the cash book as it does not involve any cash inflows or outflows

$\huge\color{cyan}\boxed{\colorbox{black}{Cute boy❤}}$

$\huge\color{cyan}\boxed{\colorbox{black}{Mark as Brainlist ❤}}$