Question

what is the Nature of cash account​

Answer 1

Answer:

A cash account, or cash book, may refer to an account in which all cash transactions are recorded. The cash account includes both the cash receipts journal and the cash payment journal.

Explanation:

A merchant account with a merchant firm requires that any securities transaction be paid in full to the funds in the account at the time of payment. Short sales and purchases in magazines are therefore restricted to this type of account. The Federal Reserve's Regulation T regulates cash accounts and securities purchases on the margins. This regulation gives investors two business days to pay for security. Known for T + 2.

Answer 2

A cash account is an account in which all the cash transactions are recorded.

What is included in the cash account:

• Cash receipts
• Cash payment
• Cash deposited
• Cash withdrawal

Nature of cash account:

• The cash account falls under the Tangible Real account.
• The rule of this account is Debit what comes in credit what goes out.
• We can't touch this account.
• It has two balances i.e. debit balance and credit balance.

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