What is meant by cash book and day book and general leder, Accounting Basics

Assignment Help:

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.

 


Related Discussions:- What is meant by cash book and day book and general leder

Adjustments for accrued items, A few account balances remain the same becau...

A few account balances remain the same because no adjustments have affected them. For illustration the balance in Accounts Payable doesn't change and is simply extended to the Adju

Advantage of a pre-inventory sale, Q. Advantage of a pre-inventory sale? ...

Q. Advantage of a pre-inventory sale? Have you still taken advantage of a pre-inventory sale at your favourite retail store Many stores offer bargain prices to decrease the mer

Draw a stem-and-leaf plot for the data set, Draw a stem-and-leaf plot for t...

Draw a stem-and-leaf plot for the data set. (Enter numbers from smallest to largest separated by spaces. Enter NONE for stems with no values.) Data set A: The annual wages of emp

Accounting concept., what is implication wrongly application of accounting ...

what is implication wrongly application of accounting concept#

Adjusting entries. you have been retained to examine, Adjusting entries. Yo...

Adjusting entries. You have been retained to examine the records of Kathy's Day Care Center as of December 31, 20X3, the close of the current reporting period. In the course o

Gearing, Remedies of overtrading

Remedies of overtrading

Calculate present value, Windsor Company will receive $100,000 in 7 years. ...

Windsor Company will receive $100,000 in 7 years. If the appropriate interest rate is 10%, the present value of the $100,000 receipt is ? Answer: PV = FV (PVIF) = $100,000 x 0.5132

Cartwright inc has $1, Cartwright inc has $1,000,000 of 10% bonds outstandi...

Cartwright inc has $1,000,000 of 10% bonds outstanding on December 31, 20x8. On January 1, 20x9 adams corp and 80% owned subsidiary of Cartright, inc purchases a $250,000 part of c

statistical test , A high school counselor needs to show whether the teena...

A high school counselor needs to show whether the teenage pregnancy rate at her school is disimilar from the rate nationwide. She knows that the rate nationwide is 15 %. She random

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd