Interested to Buy Any Domain ? << Click Here >> for more details...
2- What is the difference between cash book and journals?
- 1 Answers
- 12919 Views
- SEFL, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
What is the equation for acid-test ratio in accounting?
WHAT IS THE DEFINATIN OF IDENTICAL GOODS AND SIMILAR GOODS? WITH EXAMPLE?
what are the different methods of teaching share and debenture to pre degree students
What is depreciation and how many types are there. Please give details?
What are mis reports?
What is the diffrent job&project accounting?
Explain me what do you think is bank reconciliation statement?
Why did you select accounting as your profession?
How does Cheques work while processing it in SAP? What are the effects and the methods.
Explain what knowledge should financial accountant have?
explain me what steps would you take to increase revenue for this company?
what is t code of gr/ir report?
we have a bill for billing software modification, i want to know that which head post this entry in tally & also tds applicable or not.
"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...
what are the voucher entries in tally for medical insurance
