What Is a Cash Book? How Cash Books Work, With Examples
Cash books have two sides (left-hand side and right-hand side) where all receipts in cash are recorded on the left side, and all payments in cash are recorded on the right side. It should be noted that when the cashbook is used as a subsidiary ledger the discount column is still not part of the double entry. The column simply lists the discounts as with any other book of prime entry. Double-Column Cash Book If a check is issued to a supplier, an entry is created in the bank column on the credit side of the cash book.Double column cash books will...
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