Question

Explain the Books of account generally kept by the Bank. 

13 Mar 2023
Answer :
Word Count : 379

Banks keep several types of books of accounts to maintain the record of their financial transactions. The following are the books of accounts generally kept by a bank:

  1. Cash Book: A cash book is a book of account that records all the cash transactions of a bank. It contains both the receipts and payments of the bank in cash. It is a primary book of account and is used to prepare the bank's financial statements.

  2. General Ledger: The general ledger is a book of accounts that contains all the accounts ____ ____ ___ ______ ______ __________ __________ ___ _________ _____ _____.
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