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Long answers questions :
Q1 :
Explain the need for drawing up the special purpose books.
Q2 :
What is cash book? Explain the types of cash book.
Q3 :
What is contra entry? How can you deal this entry while preparing double column cash book?
Q4 :
What is petty cash book? Write the advantages of petty cash book?
Q5 :
Describe the advantages of sub-dividing the Journal.
Q6 :
What do you understand by balancing of account?
