In business practice, cash account refers to a business-to-business or business-to-consumer account which is conducted on an immediate payment basis i.e. no credit is offered.
[1] It may also refer to an account held with a financial firm, in which a client deposits cash to buy stocks, bonds and other securities.
The dual impact of cash book occurs due to the presence of two sides (entities): Debit and credit.
Receipt and payment voucher are the source documents of cash book.
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