Cash Book: Fill In the Blanks

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on April 29, 2022

1. In three-column cash books, receipts are entered on the side and payments on the side.

2. The objective of maintaining a cash book is to record all and .

3. In a double-column cash book, discount is not recorded.

4. In a cash book, discounts allowed are recorded on the and discounts received are recorded on the .

5. If any entry is made on the debit side and the same entry is recorded on the credit side of the cash book, it is called a .

6. If a check is received from customer and paid into the bank on the same day, it will appear on the side of cash book in the column.

7. If a check received from customer is not deposited at the bank on the same day, then it will appear in the column.

8. Bank charges are recorded on the side of the cash book in the column.

9. To distinguish contra entries from other entries, the letter is entered into the column.

10. Contra entries are not .

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Frequently Asked Questions

What is a cash book?

A cash book is a financial record of all cash transactions that occur within a business. This includes receipts, payments, and withdrawals.

What information is included in a cash book?

The cash book can be used to calculate the business’s Cash Flow, track inventory levels and monitor financial performance. It can also be used to help make informed business decisions.

What information is included in a cash book?

What information is included in a cash book?

How is the cash book updated?

The cash book is updated each time a transaction occurs. This information is then used to produce Financial Statements and other reports.

What are the benefits of using a cash book?

The main benefits of using a cash book are that it helps businesses track their financial position, make informed business decisions, and improve their overall financial performance.

True Tamplin, BSc, CEPF®

About the Author
True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, or check out his speaker profile on the CFA Institute website.

8 thoughts on "Cash Book: Fill In the Blanks"

    1. Thanks! Let us know what other kinds of information you’d like to see and we’ll try to add it in the future. Best of luck!

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