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cash book

This topic has 1 reply, 2 voices, and was last updated 6 years ago by John Moffat.

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December 3, 2019 at 1:28 pm #554654
beticopper
Participant
- Topics: 69
- Replies: 13
why is this statement incorrect?
”cash received is recorded in cash book and posted to journal”
December 3, 2019 at 1:32 pm #554656
John Moffat
Keymaster
- Topics: 57
- Replies: 54808
Because we post in the cash book and the double entry is to another account. The journal is not an account!
Again, are you not watching my free lectures? The lectures are a complete free course for Paper FA and cover everything needed to be able to pass the exam well.
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