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Ledger accounts

This topic has 3 replies, 2 voices, and was last updated 7 years ago by John Moffat.

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January 26, 2018 at 5:53 pm #433225
madni141
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what is the difference between the bank account and cash account in general ledger?
January 27, 2018 at 10:24 am #433389
John Moffat
Keymaster
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The cash account records ‘loose’ cash (i.e. coins and notes) held by the business. The bank account records money kept in the bank.
January 28, 2018 at 8:08 am #433562
madni141
Member
- Topics: 27
- Replies: 16
Thank you!
January 28, 2018 at 10:12 am #433577
John Moffat
Keymaster
- Topics: 57
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You are welcome 🙂
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