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Introduction to Booking Keeping and Accounting | Week 111 Topics1 Quiz
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Introduction to Books of Account | Week 26 Topics1 Quiz
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Subsidiary Books of Account I | Week 34 Topics1 Quiz
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Subsidiary Books of Account II | Week 44 Topics1 Quiz
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Principles of Double Entry Book Keeping | Week 51 Topic1 Quiz
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Cash Book | Week 66 Topics1 Quiz
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Petty Cash Book | Week 71 Topic1 Quiz
Topic Content:
- Meaning of Single Column Cash Book
- Format of Single Column Cash Book
- Illustrations
A single column cash book is a book of original entryBook of original entry is an accounting book or journal in which invoices, vouchers, cash transactions and others are first recorded before they are transferred to ledger accounts. More which is used to record all cash received and paid. It is usually a cash column or sometimes a bank column only.
Cash Account: This is the account which is used for recording money received and paid with cash only. The balance is referred to as “Cash in hand”.
All cash received must be debited while cash paid will be credited to the cash account.
Bank Account: The bank account is a record of money deposited into the bank and money withdrawn from the bank. All cheques received must be debited while cheques issued out must be credited.
Illustration 6.2.1:
Enter the following transaction in the cash account of Olaide.
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