Is a Three-Column Cash Book?
A Cash Book with Three Columns for Discounts Received and Paid, Cash Transactions, and Bank Transactions Is Known as a Three Column Cash Book. What Is Meant by...
A cash book with three columns for discounts received and paid, cash transactions, and bank transactions is known as a three column cash book.
What is meant by three column cash book?
The three column cash book is simply the traditional two-column cash book with the addition of an extra column at each side. This extra column is used to record cash discounts: discount allowed column at the debit side, discount received column at the credit side. The discount columns are not accounts.
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How many columns are in a cash book?
The bank cash book has three columns at the debit side and three columns at the credit side, with the headings discount, details, bank.
Sarah Jenkins is a veteran tech journalist with over 12 years of experience covering artificial intelligence, mobile innovations, and digital ethics. Her insights have appeared in leading technology publications worldwide.
