Cash Book: Fill In the Blanks

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on November 18, 2021

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 .

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®), 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, his interview on CBS, or check out his speaker profile on the CFA Institute website.

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