Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 22 - No. 46)
Which of the following entries may involve the use of cash book?
Purchase of inventory on credit
Sale of inventory for cash
Payment of rent
Sale of land on credit
Explanation
Cash sales and the payment of rent will directly affect the cash book because they involve cash. Inventory and land sales on credit will not involve cash.
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