A record book or ledger used to track cash payments, receipts, and financial transactions.
Compound of 'cash' and 'book,' emerging as essential business terminology during the rise of modern accounting practices in the 16th-19th centuries.
Before computers, a business's 'cashbook' was sacred—it was the financial truth of the company, and dishonest accounting meant falsifying these physical books, which is why 'cooking the books' is still the term for financial fraud.
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