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)
Budget represents ________
Which of the following user type can view audit list
Which of the following can be budgeted in tally
‘Inventory books’ is used to view
Discount Column is available in
Promoted Content