Explain the Books of account generally kept by the Bank.
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:
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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.
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General Ledger: The general ledger is a book of accounts that contains all the accounts ____ ____ ___ ______ ______ __________ __________ ___ _________ _____ _____.
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