Question

why is cash book called a book of orignal entry and also a subsidiary book?​

Answer 1

Answer:

All the cash transactions of a business entity are recorded first in the cash book. It is therefore called as the book of original entry or Subsidiary book. A cash book serves the purpose as cash account and bank account as well, which is a part of ledger, so no separate cash account is prepared.

Explanation:

A cash book has a debit and a credit side both. Thus, it is similar to a ledger account. Hence, it acts as a subsidiary book as well as a ledger account. An organization can maintain a single column, double column or triple column cash book as per its requirements

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Answer 2

Explanation:

All transactions relating to cash and bank are first recorded in the Cash Book, directly from the source documents. When a Cash Book is maintained then these transactions are not recorded in the Journal separately. Therefore, it is called a book of original entry.