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Accountancy - Cash Book - A subsidiary book and principal book of accounts | 11th Accountancy : Subsidiary Books - II Cash Book

Chapter: 11th Accountancy : Subsidiary Books - II Cash Book

Cash Book - A subsidiary book and principal book of accounts

All the cash transactions are recorded first in the cash book. It is therefore a subsidiary book.

Cash Book – A subsidiary book and principal book of accounts

All the cash transactions are recorded first in the cash book. It is therefore a subsidiary book. When cash book is maintained, there is no need for preparing cash account and bank account in the ledger because in the cash book cash receipts and cash payments are compared and the cash and bank balances at the end are arrived at. Thus, it serves as a ledger account also. Hence, the cash book, unlike any other subsidiary book, is both a subsidiary book and a principal book.

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11th Accountancy : Subsidiary Books - II Cash Book : Cash Book - A subsidiary book and principal book of accounts | Accountancy


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