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What is Cash Book in Accounting?

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  • In accounting, a cash book is a financial journal that records all cash transactions of a business entity.
  • The cash book is used to track and monitor the movement of cash, including receipts (cash inflows) and payments (cash outflows).
  • It is specifically focused on cash inflows and outflows.
  • A cash book consists of two main sections – Cash Receipts and Cash Payments.
  • The cash book is typically updated on a daily basis.
  • The cash book plays a crucial role in cash management, cash flow analysis, and reconciliation of cash balances with bank statements.

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