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)
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.
one is two columned while the other is three columned.
Column one is used to record the sale of merchandise column two is used to record the return of merchandise column three is used to record the balance of cash in the cash book
Cash book with bank column is double column cash book.
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.
3 column cash book
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.
one is two columned while the other is three columned.
Column one is used to record the sale of merchandise column two is used to record the return of merchandise column three is used to record the balance of cash in the cash book
Cash book with bank column is double column 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.
no
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.
what is atriple column cash book
In three column cash book there are three columns, one for cash amount, second for bank amount and third is for showing Contra entry.
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.
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!!