Tag: recording and posting of cash transactions
Questions Related to recording and posting of cash transactions
Current account is more useful to businessman.
Businessman generally operates savings bank account.
Prepaid insurance is nominal account.
Cash book is a book of original entry.
There is no restriction on the operation of a Current A/c.
In fixed deposit A/c money once deposited can be withdrawn at any time.
State whether the following statement is True or False.
Credit Balance of Bank Column of Cash Book represents the balance as per Cash Book.
In Saving A/c. no restrictions are put on withdrawal of cash.
_________ is/are forms of a cash book.
Goods worth Rs. 45,000 sold to Tarun for cash will be recorded in_________.