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
Branch / Division is a group defined under
A) Liabilities
B) Assets
C) Income
D) Expenditure
Related Questions - 2
By default, which mode is on in Purchase and Sales voucher
A) Normal Mode
B) Item Invoice Mode
C) Particulars Mode
D) None of these
Related Questions - 3
How to activate the tally audit feature in a company
A) Press F11 key
B) During the creation of a company
C) In comp info > security control-option
D) Press F12 key
Related Questions - 5
Which shortcut key is used in Company Features screen to use Accounting Features in Tally
A) F1
B) F2
C) F3
D) F4