Explain the Different Types of Cash Book

By fu_Pamela53 10 May, 2022 Post a Comment

Cash book This book records only cash receipts and payments related to cash. The left side is called the Debit side and the right side is called the Credit Side.

What Are The Types Of Cash Books In Accounting Quora

SimpleSingle Column Cash Book.

. Simple cash book contains only one amount column on each side debit and credit for recording cash. Ad Browse discover thousands of brands. The general cash book is subdivided into the.

Types of Petty Cash Book. Three Column Cash Book. Top 3 Types of Cash Books With Specimen Simple Cash Book.

A single column or simple cash book is that type of cash book which is used to note down only. Columnar Petty Cash Book and its Preparation Process. The three column cash book.

Ledger is sub classified into the following. Petty cash book is of two types. A separate column is used for each type of expenditure.

In Cash book we will record the all-cash transaction of the business. This is the simplest form of Cash Book and is used in businesses where payments are made and. Single column double column and triple column.

Under a single column cash-book only cash transactions done by the business record. A double column cash book consists of cash and bank column. Primarily documenting cash transactions simple or single column cash book is considered as the most basic of the three versions available.

Entries and Postings in Single Column Cash Book. There are three common versions of the cash book. Types and Its Preparation With Specimen 1.

Columnar petty cash book and. Cash book only cash related receipts and. In the single column Cash Book only cash transactions are recorded.

The types of cash books are-Single column cash books. Double column cash books. Its similar to a single column cash.

There are two sides to the cash book. The two column cash ledger book is sometimes referred to as the double column cash book or the 2 column cash book. For a cash transaction one of the accounts must be cash.

While the triple column cash book consists of cash bank and discount. 2 types of Cash Book are 1 general cash book and 2 petty cash book. Read customer reviews find best sellers.

Cash Book contains cash transactions passing into and out of business. It has only a single money column on debit and credits both sides is titled as amount As it records only. It is the book of original entries because.

A single column cash book to record only cash transactions. This account is also known as an imprest account because it always carries the same balance which means that anytime the cash box is checked it should have cash or. A single column cash book consists of only cash column.

In the debit side of the Cash Book all cash receipts are recorded while in the credit side all cash payments are recorded. A doubletwo column cash book to record cash as well as bank transactions. The entry and posting of cash transactions are made by hand.

This book keeps all cash payment and cash receipts. The single-column cash book shows only receipts and payments of cash. Single Column Cash Book.

A petty cash book is maintained to record small expenses such as postage stationery and telegrams. Imprest petty cash book. 1 Make the transaction analysis to identify debit and credit accounts.

This book records all kinds of cash receipts on the debit side and all. These are given below. It is further subdivided into three different categories.

Cash Book Definition Types Example Format