In accounting practice, "cash account" or "cash book" refers to a daybook (Main entry book) used to record all transactions related to cash, especially cash receipts and payments. Cash account is considered as a special daybook because of its duel impact in Accounting. Cash account acts as a main entry book as well as a ledger in Accounting. The duel impact of Cash book occurs due to the presence of two sides (entities):- Debit and Credit.
Cash account is the combination of Cash receipts journal and cash payment journal and hence called as "Cash receipts and payment journal". Receipt and payment voucher are the source documents of Cash book. Receipt is an evidence to the cash receipts and payment voucher is an evidence to the cash payments.
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