The general ledger page for the cash account is shown with these. The edward company uses a double column cash book to record its cash and bank related transactions. 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. Under doublecolumn cashbook, not only cash transactions but transactions through banks done by the business are also recorded. Each time cash, cheques, money orders or postal orders, etc. This video will help you to solve your problems of cash book which are having bank and cash related transactions. It engaged in the following transactions during the month of march 2018.
Double column cash book explained with example tutorstips. Double column cash book explanation, format, example. A cash book is a financial journal that contains all cash receipts and payments, including bank deposits and withdrawals. 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. During the month of january following business was transacted.
We are taking the same example as the single column to understand easily. Most businessmen use a two or three column cash book with a bank column for recording transaction made through the bank account. Includes examples and a control page to enter account headings. The two column cash ledger book is sometimes referred to as the double column cash book or the 2 column cash book. The following format of double two column cash book is commonly used by organizations to account for their cash transactions. The following example summarizes the whole explanation given above. The same process is also applicable to a double column cash book. 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. Free excel cash book template for easy bookkeeping to track business income and expenses every month and view reports. 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. On january 1, 2017, humna faisals cash book showed debit balance of cash rs. Double column cashbook with cash and bank column example example no 3 discount and bank column.