Cash Book: Fill In the Blanks
In three-column cash books, receipts are entered on the
side and payments on the
The objective of maintaining a cash book is to record all
In a double-column cash book,
discount is not recorded.
In a cash book, discounts allowed are recorded on the
and discounts received are recorded on the
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
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
If a check received from customer is not deposited at the bank on the same day, then it will appear in the
Bank charges are recorded on the
side of the cash book in the
To distinguish contra entries from other entries, the letter
is entered into the
Contra entries are not
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®), 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.