Is Cash Book a journal or a ledger?

Open in App

Solution

A cashbook performs both as a journal and a ledger.

In a cash book, all transactions related to cash are entered while a cash account is treated as a normal general ledger account.

Also see:

MCQs on Ledger

Ledger in Accounting

What Is General Ledger?

Suggest Corrections

Similar questions

Briefly state how the cash book is both journal and a ledger?

From the following Cash Book (with cash and Bank columns) prepare necessary Ledger Accounts and balance them.

Cash Book (with Cash & Bank Columns)
Dr.						Cr.
Date	Particulars	L.F.	Cash Rs	Bank Rs	Date		Particulars	L.F	Cash Rs	Bank Rs
2011 Apr.					2011 Apr.
1	To Balance b/d		400	1,000	1		By Purchases A/c		700
2	To Ram ‘s A/c		980		3		By Rent A/c			200
3	To Sales A/c			4,000	10		By Sita’ s A/c		300
7	To Interest A/c		120		8		By Salaries A/c			450
10	To Sales A/c		500		10		By Purchases A/c			1,350
25	To Bank A/c		2,000		30		By Cash A/c			2,000
					30		By Balance c/d		3,000	1,000
			4,000	5,000					4,000	5,000
May 1	To Balance b/d		3,000	1,000

Briefly state how the cash book is both journal and a ledger?

Join BYJU'S Learning Program