State THREE features of a cash book. – NABTEB QUESTION

The feature of a cash book are:

(a) It records only cash or bank transactions.

(b) No credit transactions are recorded

(c) It has debit and credit sides represented as Dr on the left and Cr. on the right hand side.

(d) All receipts or incomes are recorded on the debit side while all payment are recorded on the credit side.

(e) The data, particulars, folio and amount columns are stated on both sides of the cash book.

(f) The difference between the debit and the credit sides is the balance.