why cash book is called journalised ledger?
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Cash Book is called a journalized ledger because it is considered to be both a journal as well as a ledger.
As you know Cash Book is a subsidiary book. But like a journal, the transactions in the Cash Book are recorded in it for the first time from the source documents/vouchers. Hence it is considered to be a journal for all cash transactions.
Cash Book can also be viewed as a Cash A/c because all transactions involving cash are recorded in it. It provides a summary of cash transactions. Hence it is considered to be a ledger account for cash transactions.
Since Cash Book is both a journal and ledger, you can very well call it a ‘journalized ledger’.