Tag: explain the purpose of maintaining a cash book
Questions Related to explain the purpose of maintaining a cash book
Type of bank account in which bank keeps no restrictions on depositing cash but imposes restrictions on withdrawals of cash.
Type of bank account in which overdraft facility is given to account holder.
Type of bank account in which money is deposited for fixed period of time _____________.
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In fixed deposit A/c money once deposited can be withdrawn at any time.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.