Question

Q10. When a firm maintains a cash book- it is not necessary to maintain
O Sales journal
O Purchases journal
O General book
O Cash account in the ledger​

Answer 1

Explanation:

When a firm maintains a cashbook, it does not need to maintain Separate Bank and cash account in the ledger.

Answer 2

Answer:

When a firms maintain a cash book they need not to maintain bank and cash account ledger separately as all the transactions are already recorded in the cash book. Rest other books are to be created. It has two columns on both the debit as well as credit sides having one column of cash and one of bank.

Explanation:

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