Which of the following best describes a cash book?

Type: MCQ • Marks: 1

A. A memorandum containing only future expenditure

B. A book of original entry that also serves as a ledger for cash/bank transactions

C. A register of physical assets only

D. A record of employee attendance

Explanation

The cash book has a dual character: it records transactions as they occur and provides the relevant cash/bank account balance.

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UPSC Principal & Vice Principal Management Finance Administration

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