Double columns cash book is the cash book that has two amount columns one for cash and another for discounts on each side. It is customary in business to allow discounts when payment is received from the customer promptly and before the due date. It is also customary for business to get a discount when the payment is made to … Read the rest
types of cash book
The single column cash book is type of cash book which has one column of amount on each side. all cash receipts are recorded on the debit (left hand) side and all cash payments are recorded on credit (right hand) side. in fact, it is nothing but a cash account. hence, there is no need to open cash account in … Read the rest
A cash book is the special journal which is used for recording all cash receipts and cash payment. If the cash book is maintained, there is no need for preparing a cash account in the ledger. However, the other aspects of the transactions will be recorded in the ledger.
Cash book serves dual role of journal as well as ledger. … Read the rest
Triple column cash book is an improvement over the double column cash book. In modern times, it is virtually impossible to imagine any business which does not deal with banks. Most of the transactions relating to receipts and payments of money are made through cheques. So the transaction trough banks are also recorded in the triple column cash book by … Read the rest