Cash Book records transactions relating to receipts and payments of cash.

State whether the following statements are True or False with reason:

Cash Book records transactions relating to receipts and payments of cash.

Monjur Alahi

5 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

This statement is True.

Cashbook is prepared for cash transactions only. All incomes are receipts and they are recorded on the debit side of Cashbook. All expenses are payments recorded to the credit side.

5 views Answered 2023-02-05 15:29

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