There are mainly two types of cash book :
1. Single - column cash book
This cash book has one amount column on each side. All cash receipt are recorded on the debit side. And all cash payments on the credit side. In fact this book is nothing but a cash account. Hence there is no need to open this account in the ledger. This cash book is balanced just like any other ledger account.
To be continue.............
1. Single - column cash book
This cash book has one amount column on each side. All cash receipt are recorded on the debit side. And all cash payments on the credit side. In fact this book is nothing but a cash account. Hence there is no need to open this account in the ledger. This cash book is balanced just like any other ledger account.
To be continue.............
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