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Question
All cash receipts and cash payments are straight way recorded in the Cash Book. Which is correct?
Options
Cash Book is a special journal.
Cash Book is a special Ledger.
Cash Book is called Finance Book.
None of these.
MCQ
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Solution
Cash Book is a special journal.
Explanation:
A Cash Book is a special journal used to record all cash receipts and cash payments directly.
It serves the dual purpose of both a journal (for recording transactions) and a ledger (since it functions as the Cash Account itself).
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