Important tips : related to cash book :
* A cash book is a special journal which is used for recording all cash receipt and cash payments.
* cash book is both a journal and a ledger.
* discount column in cash book is not to be balanced.
* debit side of discount column in cash book means discount allowed.
* credit side of discount column in cash book means discount received.
* cash account is not opened in the ledger since the ' cash column ' in the cash book serves the purpose of a cash account.
* A cash book is a special journal which is used for recording all cash receipt and cash payments.
* cash book is both a journal and a ledger.
* discount column in cash book is not to be balanced.
* debit side of discount column in cash book means discount allowed.
* credit side of discount column in cash book means discount received.
* cash account is not opened in the ledger since the ' cash column ' in the cash book serves the purpose of a cash account.
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