Mr Deepak is a businessman. he records all the receipts and payments in his notebook. at the end of the month, he wants to calculate the balance of cash in the notebook. his friend suggests him to maintain a separate book to record these items of receipts and payments. in this context, explain the concept of cash book.
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Answer:
Cash Book can be defined as a sub-division of Journal recording transactions concerning cash receipts and payments. Only cash transactions are recorded within the Cash Book from where they are posted subsequently to the respective ledger accounts. The Cash Book is maintained in the form of a ledger with the required explanation called the narration and therefore, it plays a dual role of a journal as well as a ledger. All cash receipts are recorded on the debit side and the cash payments are recorded on the credit side. All cash transactions are recorded chronologically within the Cash Book. The Cash Book always shows a debit balance because payments cannot exceed the receipts at any time. Please mark brainliest
Answer:
The governor appoints the chief minister, who enjoys the support of the majority in the State Legislative Assembly. The governor also appoints the other members of the Council of Ministers and distributes portfolios to them on the advice of the chief ministe