Petty Cash Book

Petty Cash Book – Definition Petty Cash Book is maintained to record small expenses such as postage, stationery, telegram. A separate column is allotted for each type of expenditure. The difference between the total of the debit items and that of the ‘total column’ on the credit represents the balance of the petty cash in … Read more

What Is a 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 being entered on the left (debit) side and payments on the right (credit) side. It has only one money … Read more

Double column cash book

Double column cash book or two column cash book consists of two columns of amount on each side to record Cash and Bank Transactions. Rather than keeping cash acoount and bank account apart from each other, double column cash book enables us to keep these two accounts side by side. Thus, it is more convenient to … Read more

Three column cash book

What is Three Column Cash Book? The Cash Book that has three columns for discount received and paid, cash transactions and bank transactions is called Three Column Cash Book. Explanation The three column cash book (also known as triple column cash book) has three money columns on both debit and credit side – one on … Read more

Cash book – MCQs

Take a quick Multiple Choice Questions (MCQs) test about Cash book. These MCQs can help you to prepare for your exams, interviews and different tests. Just click the “start quiz” button and start Cash book MCQs quiz. If you find difficulty in answering these questions, read ‘Cash book‘ chapter thoroughly from explanation section of the … Read more