Home › CBSE Class 11 (Commerce) › Accountancy › Bank Reconciliation Statement › The cash book can serve as which two accounts at…
The cash book can serve as which two accounts at once?
ASales and purchases
BCash and bank accounts
CCapital and drawings
DDebtors and creditors
Answer & Solution
Correct answer: B. Cash and bank accounts
Its cash column and bank column act as the cash account and the bank account respectively.
Related questions
Wrong totalling in the bank's records of deposits is which type of difference?Why do unpresented cheques create a difference?Insurance premium paid by bank on standing order: passbook versus cash book?Unpresented cheques make a favourable cash book balance what versus the passbook?Cash book Rs 48,000, passbook Rs 51,500; only unpresented cheques differ. Their total?Payment side was undercast by Rs 100; balance shown Rs 10,000. Correct balance?A debit balance of Rs 1,500 was carried forward as credit. The balance is wrong by?Cash book shows Rs 20,000, but a Rs 5,000 issued cheque was entered twice. Correct balance