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Question
Cash book is a type of _______but treated as a _______of accounts.
Cash book is a type of _______but treated as a _______of accounts.
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Solution
The correct option is B Subsidiary book ; principal book
All the cash transactions are recorded first in the cash book. It is therefore a subsidiary book. All the cash transactions are recorded first in the cash book.Hence, the cash book, unlike any other subsidiary book, is both a subsidiary book and a principal book.
All the cash transactions are recorded first in the cash book. It is therefore a subsidiary book. All the cash transactions are recorded first in the cash book.
Hence, the cash book, unlike any other subsidiary book, is both a subsidiary book and a principal book.
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