A General Cash book acts as a __________.

Journal

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Ledger

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Both

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None

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Solution

The correct option is B Both
A cashbook is a book of prime entry in which cash and bank transactions of business are recorded. It acts as a book of original entry and a ledger. Hence, it is both Journal and Ledger.

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Similar questions

A cash book that is used to record the small payments of cash is generally referred as ___.

How does a cash book serve a dual purpose?

Cash book is both a subsidiary book and principal book.

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