Question 9
Cash BookThe transaction that completes its double entry in the same ledger account appears in
- A.cash account and personal account
- B.bank account and general ledger
- C.discount received and discount allowed
- D.cash account and bank account
Show the answer and explanation
Answer: D (cash account and bank account)
Explanation
Contra entries between cash and bank are both made in the cash book, so the double entry is completed within the same book.