Question

Difference between two column and three column cash book

Answer 1

The only difference between two types of cash book is that a double column cash book has two money columns (i.e., cash and bank) whereas a triple column cash book has three money columns (i.e., cash, bank and discount). ... The discount column is only totaled.

Answer 2

• A single column cash book is a sub-book that keeps track of all cash receipts and disbursements. A subsidiary book that records all cash and bank-based transactions is known as a double column cash book.
• A two-column cash book, often called a double-column cash book, has two columns on each side for recording cash and bank transactions. A double column cash book allows accountants to keep cash and bank accounts side by side rather than separating them.
• The triple column cash book (also known as a three column cash book) is the most comprehensive type of cash book, with three money columns on both the receipt (Dr) and payment (Cr) sides to record cash, bank, and discount transactions.Large businesses that make and receive cash as well as bank payments, as well as those that often receive and accept cash discounts, normally keep a triple column cash book.