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Question
Day-to-day cash transactions of club are recorded in __________.
Day-to-day cash transactions of club are recorded in __________.
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Solution
The correct option is C Cash book
Cash book is a book in which all transactions relating to cash receipts and cash payments are recorded. It starts with cash or bank balances at the beginning of the period. Generally, it is made on monthly basis. This is a very popular book and is maintained by all organisations, big or small, profit or not-for-profit. It serves the purpose of both journal as well as the ledger account. Day-to-day cash transactions of a club are recorded in the cash book.
Cash book is a book in which all transactions relating to cash receipts and cash payments are recorded. It starts with cash or bank balances at the beginning of the period. Generally, it is made on monthly basis. This is a very popular book and is maintained by all organisations, big or small, profit or not-for-profit. It serves the purpose of both journal as well as the ledger account. Day-to-day cash transactions of a club are recorded in the cash book.
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