Question

Which among the following is the summary of cash book? (a) profit and loss A/c (b) receipts and payment A/c (c) income and expenditure A/c (d) balance sheet

Answer 1

HEY BUDDY HERE IS YOUR ANSWER--

The summary of cash book is to receipts and payment A/C .

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Answer 2

The money book is set up as a record in which all money exchanges are recorded by date.

It is a book of unique section and last passage.

That is, the money book fills in as the general record.

There is no need, as in a money account, to exchange to a general record.