In which book does the cash sales will be recorded?
A
Cash Book
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B
Purchase Book
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C
General Journal
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D
Sales Book
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Solution
The correct option is A Cash Book
Cash book is a journal in which all cash receipts and payments (including bank deposits and withdrawals) are recorded first, in chronological order, for posting to general ledger. Cash book is regularly reconciled with the bank statements as an internal auditing measure. It is used to record all the receipts and payments of cash.