- 1 Marks
Question
Which of these books of account could be classified as a subsidiary book as well as a ledger?
A. Sales day book
B. Cash book
C. General ledger
D. Nominal ledger
E. Personal ledger
Answer
Answer: B
Explanation:
The cash book records both cash receipts and payments and also acts as a ledger because it shows the balances of cash and bank accounts.
- Tags: Cash Book, Ledger, Subsidiary Book
- Level: Level 1
- Uploader: Kwame Aikins