simple cash book explain please it's urgent
Answers
The single column cash book (also known as simple cash book) is a cash book that is used to record only cash transactions of a business. ... The single column cash book has only one money column on both debit and credit sides titled as “amount” which is periodically totaled and balanced like a T-account.
Explanation:
Answer:
is a cash book in which only and only cash transactions are recorded. By single column we mean "one amount column" on each side of the Cash Book. One amount column on the debit side in which inflow of cash (cash received) is recorded and one amount column on the credit side in which outflow of cash (cash paid) is recorded. It is generally maintained by such business concerns which do not have bank accounts. (small business concerns).