Bill book is a book in which a person keeps an account of his notes, bills, bills of exchange, etc., thus showing all that he issues and receives.A merchant use bii=ll book to keep a record of the details of his bills of exchange, promissory notes, etc., payable and receivable.
A cash book is a financial journal that contains all cash receipts and disbursements, including bank deposits and withdrawals. Entries in the cash book are then posted into the general ledger.
Cash book is set up as a subsidiary to the general ledger in which all cash transactions made during an accounting period are recorded in chronological order. Larger organizations usually divide the cash book into two parts: the cash disbursement journal, which records all cash payments, and the cash receipts journal, which records all cash received into the business.
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