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Question
Cash sales are recorded in the ________.
Cash sales are recorded in the ________.
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Solution
The correct option is B Cash book
Cash book is maintained by the firms to record all the cash transactions. These may be cash sales, cash purchases, expenses paid out of cash etc.
Cash sales will be recorded in cash book by passing the following journal entry:
Cash A/c Dr. To Sales A/c
Cash book is maintained by the firms to record all the cash transactions. These may be cash sales, cash purchases, expenses paid out of cash etc.
Cash sales will be recorded in cash book by passing the following journal entry:
Cash A/c Dr.
To Sales A/c
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