State whether the following statement are True or False with reason :

1.	State whether the following statement are True or False with reason :Bank column in Cash Book represents Proprietor’s Savings A/c.
Answer» This statement is False. Cashbook records only business transactions and not the personal A/c of the trader. The Bank column in Cash Book represents Business Current A/c and not the proprietor’s savings A/c.

State whether the following statement are True or False with reason :Bank column in Cash Book represents Proprietor’s Savings A/c.

Answer»

This statement is False.

Cashbook records only business transactions and not the personal A/c of the trader. The Bank column in Cash Book represents Business Current A/c and not the proprietor’s savings A/c.

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State whether the following statement are True or False with reason :Bank column in Cash Book represents Proprietor’s Savings A/c.

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