Question

Bank A/c is generally maintained in the ___?

A General ledger Correct Answer Incorrect Answer
B Debtors’ ledger Correct Answer Incorrect Answer
C Cash book 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.

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