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This question belongs to Commerce Accounting
Accounting
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Which of the following subsidiary books serves the purpose of ledger too, in addition to the recording of accounting transaction?

Answer & Solution
Correct Answer: Option D
Cash Book serves the purpose of ledger too, in addition to the recording of accounting transaction. A cash book is a financial journal that contains all cash receipts and payments, including bank deposits and withdrawals. Entries in the cash book are then posted into the general ledger.
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