Topic Content:
- Meaning of Double Column/Two Column Cash Book
- Contra Entries
- Treatment of Contra Entries
- Treatment of Drawings
The two-column cash book is a combination of both cash account and bank account in one book. It shows the total particulars of all the money received and paid by the firm either by Cash or Cheque.
There will be separate columns for date, particulars, folio cash and bank on both sides of the account.
Contra Entries:
Contra Entries show that cash has been withdrawn from the office and deposited in the bank, or withdrawal of cash from the bank, for office use.
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