Question

What is account
Credit debit and cash book

Answer 1

An account refers to assets, liabilities, income, expenses, and equity, as represented by individual ledger pages, to which changes in value are chronologically recorded with debit and credit entries. These entries, referred to as postings, become part of a book of final entry or ledger.
All transactions in the cash book have two sides: debit andcredit. ... The difference between the left and right side shows the balance of cash on hand, which always shows adebit balance. The cash book is set up in columns. The date column is the date of the transaction.