Question

bank charges as per bank pass book triple column
​

Answer 1

Explanation:

bank charges as per bank pass book triple column

This cash book has got three columns of amount i.e., cash, discount and bank. The cash book is prepared in the same way as simple and double column cash books are prepared. Special feature of this book is bank column. The bank column at the debit side records those transactions which increase our bank balance.

 

Bank as an asset increases with deposits and interest allowed on our deposits and thus they are posted at the debit side. In this way, bank column at the debit side of the three column cash book records deposits of cash and cheques into the bank and interest credited by the bank.