Cash deposited will be shown in cash column while bank account will be debited to bank account and balance in bank column of cash book while as this is contra entry "C" will be shown in third column for both cash and bank.
In three column cash book there are three columns, one for cash amount, second for bank amount and third is for showing Contra entry.
three column cash book is a book where company maintain the records of cash and bank transactions. it contain of 3 column cash, bank and discount. it helps to understand easily about the payment and receipt of cash.
Cash book with bank column is double column cash book.
The three column cash book consists of 3 columns one with the first one being contra entry recording and the other 2 being the bank and the cash columns, when cash is deposited in to the bank or withdrawn both the cash and bank have contra effects recorded with a symbol of C
There will be no entry in cash book when cheque is paid into bank if cash was deposited into bank then there will be entry in cash book
When double entry for both side of cash books appears that type of transaction is called contra entry as in double column cash book entry for receiving or paying cash in bank or from bank requires entry on debit as well as credit side of cash book.
one is two columned while the other is three columned.
In two column cash book we have only two columns of discount and cash but in three column cash book we have three column of discount,cash and bank. when we are making three column cash book we don't need to make bank account but in the situation of 2column cash book we have to make bank account seprately.
what is tahabil balance column in bank cash book
3 column cash book
Please differentiate for me the following types of cash books. * Three column cash book * Analytical petty cash book * the imprest system of betty cash * posting petty cash to the ledger Looking forward for your assistance. Thank you. A three columnar cash book is that which consists of three columns Cash, Bank and Discount Date Particulars L.F. Cash Bank Discount Date Particulars L.F. Cash Bank Discount 2 sides Debit (left) Credit (Right)
Debit book expenseCredit cash / bank