Ask Question
19 May, 03:34

Why is cash book both journal and ledger

+1
Answers (1)
  1. 19 May, 05:04
    0
    Cash Book plays dual role. as a boor of original entry (or primary entry) as well as a ledger. It is a subsidiary book because all cash transactions are, first recorded in the cash book and then from cash book posted to various accounts in the ledger.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Why is cash book both journal and ledger ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers