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13-07-2020
Social Studies

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Which of the following item is not included in the Cash Book? * (a) Purchases of Rs. 10,000 (b) Sales of Rs.5,000 (c) Received cash for Salman Rs. 2,000 (d) Credit sales of Rs. 22,000

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Harrisonjob Harrisonjob

18-07-2020

Answer:

Correct Answer:

(d) Credit sales of Rs. 22,000

Explanation:

A cash book is a financial journal used by business organization or people to keep records of all cash receipts and disbursements, including bank deposits and withdrawals.

All the transactions are entered into two sides called - Debit and Credit depending on the nature of the transaction. Credit sales of Rs. 22,000 is not entered on cashbook since it is not a cash transaction

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