Question

Cash given to creditors is recorded in single coloumn cash book or not

because cheques issue to creditor not recorded in single Column cash book



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Answer 1

Answer:

A single column cash book records only cash receipts and payments. This form of a cash book has only one amount column on each of the debit and credit sides of the cash book. All the cash receipts are entered on the debit side, and cash payments are entered on the credit side.

All payments made through cheques are recorded on the credit side and under the bank column of the cash book, because cheques once issued will ultimately reduce the bank amount. Example. On 29-01-2008, Electricity bill of Rs. 3,550 was paid by cheque.

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