Question

❌what is cash book ❌
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Answer 1

Explanation:

A cash book is a financial journal that contains all cash receipts and disbursements, including bank deposits and withdrawals. Entries in the cash book are then posted into the general ledger.

Answer 2

Answer:

A cash book is a financial journal that contains all cash receipts and disbursements, including bank deposits and withdrawals. Entries in the cash book are then posted into the general ledger.

Explanation:

KEY TAKEAWAYS

A cash book is a subsidiary of the general ledger in which all cash transactions during a period are recorded.

The cash book is recorded in chronological order, and the balance is updated and verified on a continuous basis.

Larger organizations usually divide the cash book into two parts: the cash disbursement journal and the cash receipts journal.

A cash book differs from a cash account in that it is a separate ledger in which cash transactions are recorded, whereas a cash account is an account within a general ledger.

There are three common types of cash books: single column, double column and triple column.

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