Question

what are the types of cash book nd define also​

Answer 1

Answer:

Single Column :-

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.

Double Column:-

The double column cash book (also known as two column cash book) has two money columns on both debit and credit sides – one to record cash transactions and one to record bank transactions.

Triple Column:-

The three column cash book (also known as triple column cash book) has three money columns on both debit and credit side – one on each side for recording discount, cash and bank amounts.

Answer 2

Cash is a current asset which consists of items used in day to day financial transactions as medium of exchange. In accounting and finance, cash includes, currency notes made of paper, coins, demand deposits, money orders, checks and bank overdrafts etc.

There are four major types of cash book that companies usually maintain to account for their cash flows. These are given below:

• A single column cash book to record only cash transactions.

• A double/two column cash book to record cash as well as bank transactions.

• A triple/three column cash book to record cash, bank and purchase discount and sales discount.

• A petty cash book to record small day to day cash expenditures.

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