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Cash Book and Bank Reconciliation
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Which of the following subsidiary books serves the purpose of ledger too, in addition to the recording of accounting transaction?
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A
Cash Book
💡 Explanation:
The Cash Book serves as a book of original entry (journal) for cash transactions and also functions as a ledger account for cash and bank balances. Other subsidiary books like the Purchases or Sales book only record specific types of credit transactions and do not function as ledger accounts.