What improvements shall bring in single entry system
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Hey mate ✌️✌️
1.When cash book is maintained cash account is not open in the ledger.
2.Cash book is balance just like any other account.
3.Cash book will not have a credit balance, cash in hand, because cash paid cannot exceed cash in hand.
✨ Hope this helps you ✨
1.When cash book is maintained cash account is not open in the ledger.
2.Cash book is balance just like any other account.
3.Cash book will not have a credit balance, cash in hand, because cash paid cannot exceed cash in hand.
✨ Hope this helps you ✨
Answered by
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