2- What is the difference between cash book and journals?
- 1 Answers
- 11769 Views
- SEFL, I also Faced
- E-Mail Answers
Answer / aqeel raza
Cash book is a form of journal mostly used to control receipts and payments of cash. It works as a ledger of cash and bank which balance at the end is shown in balance sheet. The cash book deals with only transactions occurred in cash or by bank and for small transactions, petty cash book is maintained.
When general journal is the form of mixtures of all transactions cash, credit, adjustments, discounts and goods returns and some special journals like cash receipt journal, cash payment journal, sales journal, sales return and allowances journal and purchase journal, purchases return and allowance journals support to general journal.
The cash book is the best replacement of cash receipt and cash payment journals.
| Is This Answer Correct ? | 15 Yes | 1 No |
if we import purchase of $ 20000 /rs. 80. but when we payment the party the price of Rs. 50. then how we make entry of this type of purchase.
what is the difference between depreciation in account books and depreciation as per income tax act
what is the defination of capital income?
How to create Donation entry In tally? Company donate Rs. 250000 to TATA MEMORIAL HOSPITAL
how to pass entry in tally Rs 50000 cheque paid to son by father
what is the reserve & surplus ?
What is the journal entry for insurance premium payment of a company
What type of Question asking in Interview for Infor LN profile for an experienced person.
1.What is the entry sales and Purchases including discount and TCS 2.if sales but suddenly road accident and only party received 80% and balance staled the insurance company what is entry in accounting booked
What is the difference between tally 6 and tally erp 9?
1 Answers Infomatics Software Solutions,
What information do you require before you approve an invoice for payment?
What is mean by acquired income?
Audit 
