Which of the following serves as both a cash receipts journal and a cash payments journal?

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Explanation

The cash book is a specialized accounting record that functions simultaneously as a cash receipts journal and a cash payments journal, tracking all cash inflows and outflows. Unlike a bank statement or cash flow statement, it directly records cash transactions. Cash vouchers are supporting documents, not journals.

Which of the following serves as both a cash receipt… — Accounting Mcqs | PakQuizHub