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State whether the following statement is True or False with reasons: Cash Book records transactions relating to receipts and payments of cash. - Book Keeping and Accountancy

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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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 5 Subsidiary Books
Exercise Q.4 | Q 5 | Page 170
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