Accountancy, asked by singhpushpa728, 10 months ago

why cash book is called a book of original entry?​

Answers

Answered by priyakumari000000
3

Answer:

The purpose of a journal as well as a ledger is served by it. Cash transactions are recorded in cash book with brief narration and not in journal, because cash book is also considered as a book of original entry. The transactions appearing in the cash book are directly posted to their relevant ledger accounts.

Answered by Anonymous
1

Books of original entry refers to the accounting journals in which business transactions are initially recorded. The information in these books is then summarized and posted into a general ledger, from which financial statements are produced. ... Cash journal.

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