which transactions are not recorded in cash book?
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Credit transactions are not recorded in cash book.
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Credit transactions are not recorded on the cash book.
- A cash book is a financial journal that contains a ll the cash disbursements and receipts.
- These receipts include bank-related deposits and withdrawals.
- A credit transaction is the repayment of money or goods or services or properties sold or leased.
- As we use cash book for profit related transactions and credit is the repayment.
- So we do not include the credit transitions in cash book.
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