Rakesh Yadav 9,442 views Click here to continue reading. A petty cash book is generally maintained on a columnar basis – a separate column being allotted for each type of expenditure.

For example; 09 – 02 – 2007. As far as the first part of the question asks that what it is? Like for example; 10 – 02 – 2007 will be at the normal column.

Having this additional person prepare the bank reconciliation reduces the odds of an improper use of the company's cash. 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. As far as the first part of the question asks that what it is? The specimen Performa of a simple cash book is given as follows:

2. Performing a bank reconciliation results in improved internal control over the company's cash if the reconciliation is done by someone other than the person handling and/or recording receipts and payments. We have also discussed, how Cash A/c is removed from the ledger and instead of it the Cash Book is kept to record cash transactions. Petty cash book 14.4.1 SIMPLE CASH BOOK A simple cash book is prepared like any ordinary account. Two/Double Column Cash Book: Definition and Explanation: Cash A/c and Bank A/c are two busiest accounts in ledger and they are removed from the ledger to reduce its volume and size. committed by the fir m while r ecording entries in the cash book cause difference between cash book and passbook balance. Cash Book -Introduction (Simple, Double and Triple Column Cash Book) Lecture -1 by Rakesh Sir - Duration: 29:19. In the same way no Bank A/c is opened in ledger for recording bank transactions, rather … Bank Reconciliation Statement MCQs 1 is a set of multi-options questions of BRS. 3 Column Cash Book Explanation in Telugu Commerce In Telugu How to post to the General ledger (with examples!) Purchases Returns Book – for recording the goods returned to the suppliers when purchased on credit. A three column cash book or treble column cash book is one in which there are three columns on each side – debit and credit side. Sales Day Book – for recording credit sales of goods only. The receipts are recorded in the Dr Side and the payments are recorded in the Cr side of the cash book. All transactions related to bank are recorded in the bank column of the cash book and these transactions are also recorded in the pass book by the bank.

One is used to record cash transactions, the second is used to record bank transactions and third is used to record discount received and paid. Two column cash book. Learn how to post transactions from the journal to the General Ledger. The is only one money column on the debit side and all sum received from time to time by the petty cashier from the chief cashier are entered in it.

Bookkeeping first involves recording the details of all of these source documents into multi-column journals (also known as books of first entry or daybooks). TS Grewal Solutions Class 11 and 12 Accounting Free PDF Download April 13, 2020 by Kishen Leave a Comment When it comes to accounts than what immediately strikes the mind is the textbook by Professor TS Grewal. Lastly, students which their date of birth is from 10 – 31.

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