Petty Cash Book

Petty Cash Book: Definition A petty cash book is maintained to record small expenses such as postage, stationery, and telegrams. A separate column is used for each type of expenditure. The difference between the sum of the debit items and the sum of the credit items represents the balance of the petty cash in hand. … Read more

Cash Book

Cash Book Definition A Cashbook is a subsidiary book where both cash and bank transactions are maintained. It is both a journal and a ledger. Explanation It is a ledger in which both cash receipts and cash payments are recorded. The cash book is regularly reconciled with the bank statements as an internal auditing measure. … Read more

Single Column Cash Book

What Is a Single Column Cash Book? The single column cash book resembles a T-shaped cash account in almost all respects. The pages of this book are vertically divided into two equal parts. The receipts are entered on the left (debit) side. Payments are entered on the right (credit) side. A single column cash book … Read more

Double Column Cash Book

A double column cash book, also known as a two column cash book, consists of two columns on each side to record cash and bank transactions. Rather than separating cash and bank accounts, a double column cash book enables accountants to maintain the two accounts side by side. This allows for greater convenience when recording … Read more

Three Column Cash Book

What is a Three Column Cash Book? A cash book with three columns for discounts received and paid, cash transactions, and bank transactions is known as a three column cash book. Explanation A three column cash book, also known as a triple column cash book, contains three money columns on both the debit and credit … Read more

Cash Book MCQs

Take this quick test on the cash book to help you prepare for your exams and interviews. If you find it difficult to answer any of these multiple choice questions (MCQs), read more about the cash book first and complete the MCQ test afterward. You can also check: Cash book short questions Cash book fill in … Read more