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State the reasons of the following statement: The balance in the cash column of the cash book is always a debit balance where as that

State the reasons of the following statement:

  • The balance in the cash column of the cash book is always a debit balance where as that in the bank column is sometimes credit also.
  • Contra entries in the cash book are not posted into the ledger.
  • The cash account and the bank account are not posted in the ledger.

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