Which of the following statements is/are true ?

A. A sale of an asset is recorded in the Sales Book
B. Total of Return Outward Book is debited to Return Outward Account
C. The balance of Petty Cash Book is a liability
D. Cash Book is a subsidiary book as well as a ledger

Right Answer: Cash Book is a subsidiary book as well as a ledger

February 22, 2018   Asghar Khan    Accounting  
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