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Cash Book

Cash receipts...

Question

Cash receipts and cash payments are recorded in book.

A

cash

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B

sales

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C

cash and sales

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D

cash and purchase

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Solution

The correct option is A cash
Cash receipts and cash payments are recorded only in cash book.

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Similar questions

Q. Which of the following statements is/are true?
(i) Cash book records all cash receipts and cash payments.
(ii) Cash book records all sale and purchase transactions of goods both in cash and on credit.
(iii) Cash book records discount on cash payments
Select the correct answer from the options given below :-

Q. Cash book records transactions relating to receipts and payments.

Q. The Receipts and Payment account is prepared at the _______ of the accounting year on the basis of cash receipts and cash payments recorded in the _______ book.

Q. __________ system records only actual cash receipts and payments.

Q. _________ may be defined as the record of transaction concerning cash receipts and cash payment.

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