what is cash book? explain the different types of cash book.
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cash book is a subsidiary to the general ledger in which all cash transactions during a period are recorded. The cash book is recorded in chronological order, and the balance is updated and verified on a continuous basis. There are three common types of cash books: single column, double column, and triple column.
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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.
Different types of cashbook:
Simple Cash Books
Two Column Cash Books
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