MCQ
True or False
State whether the following statement is True or False with reasons:
Cash Book records transactions relating to receipts and payments of cash.
Options
True
False
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Solution
This statement is True.
The purpose of preparing a cash book, a subsidiary book, is to record cash transactions of business relating to receipts and payments of cash.
Concept: Cash Book with Cash Column
Is there an error in this question or solution?
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