when cash book is maintained no separated cash A/C is prepared
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When a cashbook is maintained, transactions of cash are not recorded in the journal, and no separate account for cash or bank is required in the ledger. The single column cash book records all cash transactions of the business in a chronological order, i.e., it is a complete record of cash receipts and cash payments.
Answered by
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Transactions of cash are not recorded in the journal, and no separate account for cash or bank is required in the ledger.
The single column cash book records all cash transactions of the business in a chronological order, i.e.,
- it is a complete record of cash receipts and cash payments.
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