Different Kinds of Cash Books
Different Kinds of Cash Books
There
are four types of Cash Books:
(i) Simple Cash Book or Single Column
Cash Book-- For recording cash transactions only.
(ii) Double-column or Two-column Cash
Book: it has two columns on each side as under:
(a) cash and discount column:
(b) cash and bank columns:
(c) bank and discount columns.
(iii) Triple-column or Three-column Cash
Book: In this cash book there are three columns of amount on both sides.
The first for discount, the second for cash and the third for bank
transactions. Discount allowed on payment received is recorded on the debit
side, while discount received on payment made is recorded on the credit side.
(iv) petty cash book:-- In addition
to the main Cash Book, firms sometimes also maintain a Petty Cash Book.
Followings are main columns in cash
book:
(i) Date: Date of transaction is written.
(ii) Particulars: The name of the
account under which cash has been received or paid is written.
(iii) Voucher No: The document
supporting a transaction is called a Voucher. There are two types of cash
vouchers: (1) Receipt Voucher and (2) Payment Voucher.
(iv)Ledger Folio: In the column for
L.F., page number of the Ledger, where the amount is posted, is written.
(v) Amount: The amounts received are
written on the Debit side and amounts paid are written on the Credit side.
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