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Paper 2Structured Written Paper2 marks
A business uses various books of prime entry to manage its transactions.
Description
Books of Prime Entry
The business maintains a cash book, petty cash book, sales journal, purchases journal, sales returns journal, purchases returns journal, and general journal.
- a[2]
Describe the purpose of the cash book and how it functions as both a book of prime entry and a ledger account.
Aim for approximately 2 distinct marking points.
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