8. Explain how and why transactions from the payments side of the Cash Book are posted day by day, with 9. State the difference between a Single-column, Double-column and Triple-column Cash book
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Explanation:
When a deposit is made by an account holder, their assets (cash at bank) increase. Hence, they make a debit entry in their cash book. ... When the bank pays out cash against that cheque, it records the payment on the debit column of his statement of account.
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