Which of the following subsidiary books serves the purpose of ledger too, in addition to the recording of accounting transaction?

A Purchases book
B Sales book
C Bills receivable book
D Cash Book

Correct Answer: Cash Book

Cash Book serves the purpose of ledger too, in addition to the recording of accounting transaction. A cash book is a financial journal that contains all cash receipts and payments, including bank deposits and withdrawals. Entries in the cash book are then posted into the general ledger.
Bissoy MCQ
#Commerce #Accounting

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