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

Question

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

Purchases book
Sales book
Bills receivable book
Cash Book

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

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AhmedNazir · Accepted Answer · 2022-09-01T13:21:41+06:00

AhmedNazir

Answer: Option 4

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.

4 views Answered 2022-09-01 13:21