Since the development of banking most firms, these days prefer to deal in cheques or other such bills of exchange. Yourarticlelibrary this cash book has the cash, the discount and additionally the bank columns in it. The procedure of recording transactions in a triplethree column cash book is similar to that of a double column cash book. The cash book that has three columns for discount received and paid, cash transactions and bank transactions is called three column cash book. In such a cash book, cash columns and bank columns represent cash ac and bank ac respectively. On april 1, 2017, hassan sajjad store cash book showed debit balances of cash rs. 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. Three column cash book analytical petty cash book the imprest system of betty cash posting petty cash to the ledger looking. Please differentiate for me the following types of cash books. Double column cash book cash book with bank column. Simple cash book contains only one amount column on each side debit and credit. Discount columns in both side are not balanced only totaled. Top 3 types of cash books with specimen simple cash book. Explanation 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.
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