Question :
A) Journal proper
B) Purchase day book
C) Cash book
D) Any of the above
Answer : C
A ________ serves the purpose of both journal and ledger accounts
A) Journal proper
B) Purchase day book
C) Cash book
D) Any of the above
Answer : C
Description :
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.
Related Questions - 1
Where do we record purchase return, sales return, depreciation, bad debts etc.in Tally
A) Journal
B) Payment
C) Contra
D) Receipt
Related Questions - 2
List of Optional Voucher we can get from
A) Cash Bank Books
B) Exceptional Reports
C) Accounts Books
D) Balance Sheet
Related Questions - 3
Related Questions - 4
Which menu is used to create new ledgers, groups and voucher types in Tally
A) Reports
B) Import
C) Transactions
D) Masters