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Double cash book is a financial book where both the income and expenditure of a company is maintained.
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∙ 16y ago
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What are the types of cash book?
simple cash book petty cash book bank calsh book double cash book
What is cash book with bank column?
Cash book with bank column is double column cash book.
What is double column cash book?
Double column cash book is tha in which there are columns for cash balance as well as for bank balance.
Types of cash book?
types of cashbook: single column cash book double column cash book triple column cash book one more type is petty cash book.. hope the answer satisfies you!!
What is the difference between single column cash book and double column cash book?
In single column cash book only cash account is shown while in multi column cash book cash as well as bank account is also shown.
When double entry for transaction appear on both side the cash book is called?
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.
What is double booking?
Double cash book is a financial book where both the income and expenditure of a company is maintained.
Why cashbook is a book of prime entry and part of the double entry system?
The cash book is a book of prime (original) entry because it is written up from business documents. The cash book is part of the double entry system as it acts as ledger accounts for cash and bank.
How do you record drawings in accounting?
Drawings in accounting are recorded as a double entry in the cash book. This is a credit to the bank account and a debit to the cash account.
Which cash book is usually maintained by the farmer?
petty cash book
What is is the difference between two-columned cash book and the three -columned cash book?
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 the difference between cash book and cash account?
Cash Account :- 1. Is an account in the ledger. 2. Cash account is part of the ledger. Cash account is opened in the ledger in which posting is done from some book of original entry. 3. In cash account posting is not followed by narration. 4. It only records one aspect of transaction involving cash & bank. Cash Book :- 1. Is a separate book of account forming a part of accounting system. 2. Cash book records entries directly from transaction & there is no need for a book of prime entry. 3. In cash book entries are followed by narration also. 4. It records both the aspect of this transaction in cash & bank columns to complete double entry posting.
