CASH BOOK AND ITS KINDS
:- Cash Book is a book of prime entry in which cash and bank
transactions are recorded in a chronological order, i.e., as they occur. Cash
receipts are recorded on the debit side of the Cash Book and cash payments on
the credit side. Cash transactions in a firm are generally numerous, therefore,
it is convenient to maintain separate Cash Book.
Features
of Cash Book
1.
Only cash and bank transactions are recorded in the Cash
Book.
2.
Cash and cheque receipts are recorded on the debit side while
cash and cheque payments are recorded on the credit side.
3.
It records only one aspect of the transaction, i.e., cash or
bank.
4.
Cash and bank transactions are recorded in the Cash Book in a
chronological order, i.e., in order they take place.
5.
It performs the function of both Journal and the Ledger at
the same time.
Cash Book—A Subsidiary
Book and a Principal Book:- Cash and bank transactions are recorded in the Cash Book and
on the basis of such records, Ledger Accounts are prepared. Therefore, Cash
Book is a Subsidiary Book. At the same time, Cash Book by itself is Cash
Account and Bank Account. As a matter of fact, the balances are entered in the
Trial Balance directly. Cash Book, therefore, is a part of the Ledger also.
Hence, it is also a Principal Book. Cash Book is, thus, both a Subsidiary Book
and a Principal Book.
Kinds of Cash Books :- There are
three types of Cash Books:
1. 1. Simple Cash Book or Single
Column Cash Book-- For recording cash transactions only.
2. 2. Double-column or Two-column Cash Book: For recording cash and cash
discount transactions.
3. 3. 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.
Demo Class for Accounts(CA/CMA/CS/B.Com):https://www.conceptonlineclasses.com/demovideos
Visit Website: https://www.conceptonlineclasses.com/
V#CASHBOOKANDITSKINDS
D
.png)
.png)
Salary of a Qualified CMA
Salary of a Qualified CMA
Best Career Option After Class 12th
Best Career Option After Class 12th
.png)
Why to choose career in "CMA" ?
The Reasons to Choose a Career in "CMA"
.jpg)
What Is Balance ScoreCard
What Is Balance ScoreCard A balanced scorecard is a strategic management performance metric used to identify and improve various internal business functions and their resulting external outcomes. Balanced scorecards are used to measure and provide feedback to organizations. #BalanceScoreCard
Top Reviews
Introduction to Statistics for CA Foundation
Introduction to Statistics for CA Foundation Business Mathematics, Logical Reasoning and Statistics is designed as per latest CA Foundation syllabus for Paper 3 to provide a firm grounding in the principles, techniques and practice. The book adopts self-study approach and has been written in student-friendly manner. With a blend of conceptual learning and problem-solving approach, it offers in-depth understanding of the basic mathematical and statistical tools. #introductiontostatistics
.jpg)
Chapter X of Companies Act 2013
Chapter X of Companies Act 2013 The company shall place the matter relating to such appointment for ratification by members at every annual general meeting. ... Under the Act, the provisions for rotation of auditors in the listed Company & certain other class of Companies, have been provided for. #chapterxofcompaniesact2013
.jpg)
Relevant sections under the Companies Act, 2013 dealing with fraud and false statements
Relevant sections under the Companies Act, 2013 dealing with fraud and false statements The new parent corporate law “The Companies Act 2013” is mostly ... I am limiting my write-up to the provisions to the Act, and I request the readers to refer relevant rules, if any, before ... in the 2013 Act is the Section 447 dealing with “Punishment for fraud”. ... Section 448
.jpg)
What is Corporate Image
What is Corporate Image A corporate identity or corporate image is the manner in which a corporation, firm or business enterprise presents itself to the public. The corporate identity is typically visualized by branding and with the use of trademarks, but it can also include things like product design, advertising, public relations etc #WhatisCorporateImage
.jpg)
What is Energy Audit
What is Energy Audit An energy audit is an inspection survey and an analysis of energy flows for energy conservation in a building. It may include a process or system to reduce the amount of energy input into the system without negatively affecting the output. #whatisenergyaudit
