Double column cash book introduction example with examples

The edward company uses a double column cash book to record its cash and bank related transactions. So, it was required to present one more column to the singlecolumn cashbook. Notice that the format of double column cash book is similar to a single column cash book with the exception of an additional column on both sides to record cash discount. Under doublecolumn cashbook, not only cash transactions but transactions through banks done by the business are also recorded. Double column cash book explained with example tutorstips. Cash book is of four types out of them one is a cash book with bank column. Double column cashbook with cash and bank column example example no 3 discount and bank column. A cash book is a financial journal that contains all cash receipts and payments, including bank deposits and withdrawals. It engaged in the following transactions during the month of march 2018. The general ledger page for the cash account is shown with these. We are taking the same example as the single column to understand easily. Two column cash book or double column cash book definition with explanation and format with examples are disscused here. The following example summarizes the whole explanation given above.

Double column cash book explanation, format, example. The following format of double two column cash book is commonly used by organizations to account for their cash transactions. The two column cash ledger book is sometimes referred to as the double column cash book or the 2 column cash book. Introduction to double column cash book with examples. But in double column cash book, we have two accounts, cash ac and the bank ac, so it is possible to have both a debit entry and a credit entry at the same time. A double column cash book or two column cash book is one which consists of two separate columns on the debit side as well as credit side for recording cash and discount. Free excel cash book template for easy bookkeeping to track business income and expenses every month and view reports. The most common examples are the single, two and three column cashbooks, however, it is possible to have multi column cash books, such as the petty cashbook, which can be used. The same process is also applicable to a double column cash book. During the month of january following business was transacted. Includes examples and a control page to enter account headings. Double column cash book explanation, format and examples. Each time cash, cheques, money orders or postal orders, etc.