New FLASH SALE Dhamaka - Flat 60% Off on All Courses

    Question

    Bank A/c is generally maintained in the ___?

    A General ledger Correct Answer Incorrect Answer
    B Debtors’ ledger Correct Answer Incorrect Answer
    C Cashbook Correct Answer Incorrect Answer
    D Creditors ledger Correct Answer Incorrect Answer

    Solution

    Bank accounts are generally maintained in the Cash Book. The Cash Book is a subsidiary book of accounts that is used to record all cash and bank transactions of a business. It serves as a record of all cash and bank receipts and payments made by the business, and it includes a separate section for recording transactions related to the bank account.

    Practice Next