Cash book!!

Simple way to learn cash book

1. SUBSIDIARY BOOKS BY:- Shikhar,Sourabh,Pravesh

2. Subsidiary books are the book of original entry and it is also called primary records because the first entry of transaction is made in subsidiary books. On the basis of subsidiary books postings are made into concerned account afterwards. Introduction

3. Advantages :- Division of work according to ability. Increase in Efficiency. Easiness on Posting. Easiness in checking. Protection from Frauds. Full information at one place, Flexible. Fixation of Responsibility. Disadvantages:- They may be expensive in case of a small business as in a small business it is best to keep journal. it requires some basic knowledge of accountancy as if any of the entries are recorded incorrect then it will be a problem or they need to be rectified. Subsidiary Books

4. Purchase book Sales book Cash book Purchase return book Sales return book Bills received book Bills payable book   Types OF Subsidiary books

5. To record cash transaction, separate book is kept which is called Cashbook. The function of cashbook is to keep records of all cash transactions. Cashbook takes the place of cash account that is it is not necessary to open separate cash account in the ledger after keeping record in the cashbook. Cash Book

6. Simple cash book Double column cash book Triple Column cash book Petty Cash book Types of Cash Book

7. P repared like cash account in ledger. All the cash received are entered in amount column on debit side and all cash paid appear on credit side in amount column. Cash book is closed and balanced at the end of the month. Simple Cash Book

8. Format of simple cash book Date   Particular L.F . Amount Date Particular L.F Amount

9. A cashbook with discount column is called double column cashbook. Two accounts, cash and discount are combined in this book. Discount allowed to the customers represent loss. Double Column Cash Book

10. Double column cash Book Format Date                                 Particular L.F Discount Amount Date   Particular L.F Discount Amount

11. Triple Column cash book A cash book with discount and bank column is triple column cashbook. Three accounts are combined. In business firm most of the payment are received and paid by cheque . Transactions are preformed through bank.

12. Triple Column Cash book Date Particular L.F Discount Amount Bank Date Particular L.F Discount Amount Bank

13. Petty Cash Book Used to record small amount of expenses. Like stationary, cleaning charges and postage.

14. Format of petty cash book Date Particulars Amount Date Particulars Amount

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