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CASH AND BANKING TRANSACTIONS: Class 11 Account Note CASH AND BANKING TRANSACTIONS: CASH BANK: cash traction refers to cash receipt and cash payment cash receipt from various sources and payments made on various heads are routine transactions of a business cash book is a subsidiary book in which cash receipt and cash payments are recorded. Types of cash book Single column cash book Simple cash book Simple bank book Double column cash book Cash book with cash and discount column Cash book with bank and discount column Cash book with cash and bank column Triple column cash book Petty…

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Final Accounts: Theory and Practice/Fully Solved: Class 11 Account Note Final Accounts the accounts which are prepared at end of the financial year are town as final accounts. final accounts show the true and fair financial position if a business organization. final account consists trading account profit and loss account balance sheet Trading account: – it is the 1st step of final accounts. the objectives of preparation the trading account is to ascertain the gross profit or gross loss of the organization. Trading account for the year ended. cr. Particulars Amount Particulars Amount To, opening stock xxx By,…

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