A book of account that possesses the features of both day book and ledger is
Answer Details
A book of account that possesses the features of both a day book and a ledger is the Cash Book. The Cash Book is a record of all cash transactions, including cash payments and cash receipts. It serves as both a day book, as it records the transactions as they occur, and a ledger, as it summarizes the transactions into account balances.
The Sales Day Book and the Purchases Day Book are subsidiary ledgers that record sales and purchases transactions, respectively. These books serve as day books, recording the transactions as they occur, but do not summarize the transactions into account balances.
The Returns Day Book is a subsidiary ledger that records returns of goods by customers or suppliers. Like the Sales Day Book and the Purchases Day Book, it serves as a day book but does not summarize the transactions into account balances.