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Maintenance of cash, subsidiary book and ledger
What is a Cash Book in banking accounting?
A Cash Book is a subsidiary book that records all cash receipts and cash payments. It serves the dual purpose of a journal and a ledger for cash transactions.
What is the primary purpose of maintaining a Cash Book in a bank branch?
To record all cash and bank transactions daily
How does a Double Column Cash Book differ from a Single Column Cash Book?
A Double Column Cash Book has two amount columns on each side — one for cash and one for bank transactions — while a Single Column Cash Book records only cash transactions.
Which column of a Double Column Cash Book records transactions through the bank?
The Bank column records all bank transactions
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