Question

goods purchases for cash in recorded on ___ side of ____ column of the cash book
a. credit , cash b. debit bank c. debit cash d. credit Bank​

Answer 1

Answer:

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Answer 2

ANSWER :

Goods purchases for cash in recorded on ___ side of ____ column of the cash book.

a. Credit , Cash ✓

b. Debit , Bank

c. Debit , Cash

d. Credit , Bank

• Goods purchases for cash in recorded on credit side of cash column of the cash book.

MORE TO KNOW :

Cash book is a special purpose book which is used to record all the transactions relating to cash receipts and cash payments in chronological order.

There are generally five types of Cash book. These are :-

• [1] Single or Simple Column Cash Book : Single or simple column cash book is a cash book which has only one column on both the debit side and credit side for recording only cash receipts and cash payments.

• [2] Double Column Cash Book : Double column cash book is a cash book which has two columns for recording the amount on both the debit side and credit side. Double column cash book are in three forms :- (a) Cash and Discount Columns for recording Cash and Discount transactions, (b) Cash and Bank Columns for recording Cash and Bank transactions and (c) Bank and Discount Columns for recording Bank and Discount transactions.

• [3] Triple Column Cash Book : Triple column cash book is a cash book wuich has three columns on each side for recording Discount, Cash and Bank transactions.

• [4] Multiple Column or Multi-Columnar Cash Book : Multiple column cash book is a cash book which provides a number of columns for recording the amount according to the need of the organization.

• [5] Petty Cash Book : Petty cash book is a cash book which is maintained for recording the paymengs relating to petty expenditures.