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Answer Posted / abhilash vyas
it is an entry which neither increases or decreases the cash amount for example cash withdrew from bank in this case cash from bank comes into business and another is cash deposited into bank in this case cash from business goes into bank
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Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
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