Sponsored Advertisement
इंडियन गवर्नमेंट एग्जाम प्रेप
A ________ serves the purpose of both journal and ledger accounts
Correct Answer: C
Solution & Explanation
A cash book is a separate ledger in which cash transactions are recorded, whereas a cash account is an account within a general ledger. A cash book serves the purpose of both the journal and ledger, whereas a cash account is structured like a ledger. Details or narration about the source or use of funds are required in a cash book but not in a cash account.
Advertisement
संबंधित प्रश्न (Related)
Which of the following equation is true for balance sheet
Which submenu is used to create new ledgers, groups and voucher types in Tally
Which key is used to post entry in Debit Note in tally
Which shortcut key is used in Company Features screen to use Accounting Features in Tally
Default ‘godown’ name in tally is ________
Promoted Content