What do you mean by Cash Book? Mention the types of Cash Book.
Answers
Explanation:
A cash book is a financial journal that contains all cash receipts and disbursements, including bank deposits and withdrawals. Entries in the cash book are then posted into the general ledger.
Answer:
A cash book is a financial journal that contains all cash receipts and disbursements, including bank deposits and withdrawals. Entries in the cash book are then posted into the general ledger.
Explanation:
Types of cash book
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.