Explain between a cash book and bank account

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Question 1: What is double entry? show examples of double entry by describing how transactions or entries are posted to the accounts.

Question 2: Pete and Company have a bank balance and Cash book balance of K40,000 at the end of the month. Ms Pete approaches you a student of accounting to testify that her company is making a profit because of their cash and bank balance. Explain to her in detail the difference between a cash book, Bank Account and the Profit & loss statement. Advise her on what each of the three represent

Reference no: EM132636066

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