Sunday, March 24, 2019

what is the Similarities of cash book with Journal

Similarities of cash book with Journal


(1)Just like a journal,transactrion in the cash book are recorded date wise i.e,in a chronological order,as and when they take place.

(2)Just like a journal,transaction in the cash book are recorded for the first time from source documents.

(3)Just like a journal,transaction from cash book are also posted to the relevent accounts (except cash accounts) in the ledger.

(4)Just like a journal, a cash book also contains a ledger Folio Column.
 

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