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Mar 14, 2023 · A three column cash book, also known as a triple column cash book, contains three money columns on both the debit and credit sides: one on each side for recording discount, cash, and bank amounts.
Jul 9, 2023 · The triple column cash book (also referred to as three column cash book) is the most exhaustive form of cash book which has three money columns on both receipt (Dr) and payment (Cr) sides to record transactions involving cash, bank and discounts.
Three Column Cash Book Problems and Solutions. Three Column Cash Book Unsolved Problems PDF Download. Previous Lesson: Single Column Cash Book Problems. Next Lesson: Bank Reconciliation Statement Problems. Problem 1: On April 1, 2017, Hassan Sajjad Store Cash Book showed debit balances of Cash Rs. 1,550 and Bank Rs. 13,575.
A triple column cash book or three column Cash Book is one which consists of three separate columns on the debit side as well as credit side for recording cash, bank and discount. The discount column on the debit side of the cash book will record discounts allowed and that on the credit side discounts received.
Mar 23, 2018 · What is the Triple Column Cash Book? In Triple Column Cash Book there are three columns in the cash book because every Businessman has a minimum of one current account in the bank. It is a very convenient way for him to get paid by cheque and make payments to others by cheque.
May 20, 2022 · Definition of Three Column Cash Book. Three column cash book is a book in which three money columns are available on both debit and credit sides such as discount, cash, and bank.
Sep 11, 2021 · Here I have shown how to prepare the Triple Column Cash Book.I have also explained the basics and critical things of Triple Column Cash Book.⏱TIMESTAMPS00:00...
A 3-column cash book is used to record cash discount allowed, cash discount received, cash and cheques received and paid during the year. The amount column in the ledger is sub divided into 3 columns each side. Discount allowed is recorded on the debit side and discount received on the credit side.
Oct 15, 2020 · Triple Column Cash Book. Under triple column cash book, three amount columns are prepared in one side. They are cash, bank and discount. Debit side records receipt amount. Credit side records payment amount. But discount received is recorded in credit and discount allowed is recorded in debit side.
Sep 30, 2022 · The first three columns in the diagram are the date, transaction description (Desc.), and ledger folio reference (LF). These columns are common to all cashbook formats. The single column referred to in the name of this cash ledger book is the monetary amount of the cash receipt (Cash) highlighted in gray.
