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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.
Three column cash book problems and solutions are mentioned below. Three column cash book contains cash, bank and discount column...
Aug 2, 2024 · The triple-column cash book (also referred to as the 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.
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.
Jul 10, 2017 · What is a petty cash book? How it is prepared? Recording repetitive expenses in a cash book will burden the cashier. Hence, a separate book is created where petty expenses are recorded. Examples of such types of expenses are Stationery, Refreshments, Postage, and Conveyance. The petty cash book is maintained by the Petty cashier.
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.
A three-column cash book includes three amount columns on both sides, i.e., cash, bank, and discount. This cash book is prepared in the same way as simple and double column cash books are prepared. The transactions which increase the cash and bank balance are recorded on the debit side of the cash and bank columns respectively.
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.
Mar 1, 2024 · What is a three-column cash book? 🔗. A three-column cash book is a financial journal used to record all cash and bank transactions of a business. It includes three columns for each side: cash, bank, and discount. This book captures: Cash receipts and payments in the cash column; Bank receipts and payments in the bank column
May 18, 2022 · Triple column cash books have three columns on both the debit and credit side of the cash book. These cash books record cash transactions, bank transactions and discounts. Both cash and bank transactions of column cash books are balanced and totaled periodically; discount column of triple column cash books is only totaled, but not balanced.
