Multiple choice

Cash Book records transactions of which nature?

  1. Cash nature

  2. Credit nature

  3. Both cash and credit

  4. None of these
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A Correct answer
Explanation

A cash book is a subsidiary book used to record all receipts and payments made in cash or through a bank. Transactions that do not involve an immediate exchange of cash, such as credit sales or credit purchases, are excluded. It serves as both a journal and a ledger account for cash.

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