Question

Double book cash column
answer : credit side, balance c/d - cash: 1310 and bank : 1150
.
please give the answer with transactions. ​

Answer 1

Refer to the attachment for required solution.

Correct answer is bank balance - 1,420 and cash balance - 1,310

Information about cash book :-

A cash book is a special type of book in which we record only cash transactions in the chronological order that means the order in which the transactions take place. It performs the function of both ledger and journal. Cash transactions includes both cash payed and cash received transactions.

• Cash receipts on the debit side.
• Cash payments on the credit side.

There are mainly four types of cash books :-

• Single column cash book ( Only cash column )
• Double column cash book ( For cash and bank columns )
• Triple column cash book ( For cash, bank and discount columns )
• Petty cash book ( For only repititive nature's small expenses )