journal
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.
advantages of double-entry book-keeping system?
The rule is apply for book keeping double entry system of book keeping are: One effect on Debit side and one on Credit side.
book of prime entry are the first recorded book. The book of prime have including cash book , sales day book . purchase day book , and so on..
Double entry book keeping system is that system under which all transactions have atleast two accounts which are charged for, one for debit part and one for credit.
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.
advantages of double-entry book-keeping system?
The rule is apply for book keeping double entry system of book keeping are: One effect on Debit side and one on Credit side.
book of prime entry are the first recorded book. The book of prime have including cash book , sales day book . purchase day book , and so on..
Double entry book keeping system is that system under which all transactions have atleast two accounts which are charged for, one for debit part and one for credit.
James Woolley has written: 'Double entry book-keeping and book-keeping on a new plan of double entry, on the one book system, with mercantile calculations, &c'
it serves as a prime book as well as a ledger
Frater Luca Bartolomes Pacioli
"a system of book-keeping in which as a rule only records of cash and of personal accounts are mainted, it is always incomplete double entry, varying cicrumstances."
prime entry** good luck
The author of the oldest book of magic invented the double entry encounting. His name was Luca Paciola.
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.