Question

Is it necessary to prepare cash Account and Bank Account when cash book with
bank and cash column is prepared? Give reason to support your answer.

Answer 1

Answer:

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Answer 2

Answer:

Businesses maintain cash book to record both the cash as well as bank transactions. A Cashbook has a cash column which shows cash available with the business and a bank column which shows cash at bank. Bank also keeps an account for every customer in their books.

Hope you find it helpful.