What Are The Uses Of A Three Column Cash Book?
The types of cash book and their uses.
Guest
asked 2 years ago
1 Answer - Sort by: Date | Rating
Following are the uses of a three column cash book:
- It records cash, bank and discount amounts on each side.
- The cash receipts, deposits and discount allowed are recorded on the debit side and cash payments, withdrawals and discount received is on the credit side.
- It helps in accounting for the discount that has been allowed or received.
- It serves the purpose of cash account and bank account
- It does not require to open two accounts for discount in the ledger.
-
- It records cash, bank and discount amounts on each side.
- The cash receipts, deposits and discount allowed are recorded on the debit side and cash payments, withdrawals and discount received is on the credit side.
- It helps in accounting for the discount that has been allowed or received.
- It serves the purpose of cash account and bank account
- It does not require to open two accounts for discount in the ledger.
-
0
0
- I Have To Be An Internel Auditor What Shall Be To Do?
- What Is Corporate Accounting And Balance Sheet?
- What Are Rectifying Entries? How Are Two Sided And One Sided Errors Rectified
- What Is Wrong Casting In The Trial Balance?
- How Can Substantive Be Avoided?
- What Is Audit Costs?
- What Is Audit Programme?
- What Rate Of Tax Is Payable On $40000?
- What Are The Strength Of Conclusive Audit Evidence?
- How Do I Check My Statement?
- Differentiate Between Cost Audit And Management Audit?
- What Is The Relevance Of Accrual And Matching Concept When Preparing A Balance Sheet?
- What Is Acurrent Ledger Balance?
- How To Calculate Cash Budgets?
- What GCSE's Do I Need To Be An Auditor?
- What Is Role Of Accounting?
- Which Is The Most Important In The 4 Functions Of Accounting?
- Why Is It That Audit Evidence Is Rather Persuasive Than Conclusive?
- What Is Computerised Accounting?
- What's The Difference Between Revenue Reserves And Unappropriated Profit?
- Do Salaries Payable Appear On The Balance Sheet As As Asset?
- What Is Cameroon's Basis Of Economy?
- What Problem In Accounting Process?
- What The Problem In Accounting?
- What Is The Fastest Way To Prepare For General Awareness?
Featured Question
- Business & Finance
- Business
- Accountancy
- Accountancy Software
- Advertising & Marketing
- Business Banking
- Business Loans
- Business Mortgage
- Buy A Business
- Direct Mail
- Directors
- Exhibitions
- Factoring
- Franchising
- Grants And Free Help
- Interviewing
- Investments
- Leasing
- Organization
- Organizational Charts
- Pension Schemes
- Phone Numbers
- Premises
- Public Relations
- Public Sector
- Redundancy
- Regulations
- Sell A Business
- Service Sector
- Staff
- Starting A Business
- Strategy
- Taxes
- Training & Leave
- Venture Capital
- Virtual Offices
New Comment - Comments are editable for 5 min.