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Cash Book: It is one of the Subsidiary Book which is usually used by any business organisation to record all the cash transactions which helps to know the cash position as and when wanted. In it all the entries will be recorded. Commonly the cash book can be balanced once in a month.
Day Cash book: It is the book handled by accountant to record all the cash transactions with takes place during the day (it can be receipt /payment). At later stage these will be posted into cash book.
General Ledger : Whereas preparing Trial balance to check the arithmetical accuracy, sometimes the debit and credit balances may not tally, to make the process simple the accountant will open an account named General Ledger to post the entries which r causing balancing problem.
A store receives $400 cash after offering a chain discount of 10/10/5 on a good. What was the list price? A. $492.20 B. $519.82 C. $533.33 D. $612.00
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exploration costs for mining companies are assets?.
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The beginning capital of the business totals $4,000. If the net income for the period totals $14,000 and the withdrawals by the owner total $3,000, what will be the new capital b
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Q. Analyzing how well the company is performing? The classified income statement illustrates important relationships that help in analyzing how well the company is performing.
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