SSC MCQ Question Ans. Cash Book

SSC MCQ Question Ans. Cash Book. Business and cash are closely related to each other. In every sphere of business, cash is essentially required. Buying and selling off assets & goods, collection & payments of debts, receipts of income & payments of expenses including all other activities the supply of cash and its proper management is significantly important. Cashbook is prepared based on the nature and size of the business, considering the size and safety of the business, the bank plays a supporting role during cash transactions. Recording of transactions done through a bank and calculating the amount deposited in the bank keep the activities of business running. For the sake of business, it is essential to know the procedure of opening a bank account, the procedure of depositing and withdrawing money from a bank is evenly important.

SSC MCQ Question Ans. Cash Book

Every day numerous transactions take place in business. We can categorize transactions based on a fixed criterion. The criterion is cash. Either there is an involvement of cash with transactions or not. The book where cash received & paid transactions are recorded together is called a cash book. Cash book is the primary book of accounts, one of the major branches of the journal.

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