Cash books are a type of subsidiary book in accounting used to record all cash transactions. They are classified into three types: single column, double column, and triple column cash books.
The single column cash book is used to record only cash transactions.
On 1st December 2024, Company ABC received $500 from Customer LMN and paid $200 for office supplies.
| Date | Particulars | Receipt (Dr) | Payment (Cr) |
|---|---|---|---|
| 01-12-2024 | Customer LMN | $500 | |
| 01-12-2024 | Office Supplies | $200 |
The double column cash book includes two columns: one for cash transactions and one for bank transactions.
On 2nd December 2024, Company ABC deposited $300 into the bank and withdrew $100 for petty cash.
| Date | Particulars | Cash (Dr/Cr) | Bank (Dr/Cr) |
|---|---|---|---|
| 02-12-2024 | Bank Deposit | Cr $300 | Dr $300 |
| 02-12-2024 | Petty Cash | Dr $100 | Cr $100 |
The triple column cash book includes three columns: cash, bank, and discount.
On 3rd December 2024, Company ABC received $400 from Customer XYZ with a $20 discount and deposited $380 into the bank.
| Date | Particulars | Cash (Dr/Cr) | Bank (Dr/Cr) | Discount (Dr/Cr) |
|---|---|---|---|---|
| 03-12-2024 | Customer XYZ | Dr $400 | Dr $380 | Cr $20 |
Understanding the different types of cash books helps businesses accurately record and manage cash, bank, and discount transactions. Each type serves specific transaction recording needs.