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Question

Which of the following is type of cash receipt journal + cash payment journal?

A
Bank statement
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B
Statement of cash flow
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C
Cash book
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D
Cash documents
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Solution

The correct option is C Cash book
A cash book is a statement which records all the cash receipts and cash payments of the business transactions. Recording of cash transactions is done in cash book from the very inception. Therefore, cash book is said to be the journal of recording cash receipts and payments.

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