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MAINTENANCE OF CASH SUBSIDIARY BOOKS AND LEDGER
What is a subsidiary book in accounting?
A subsidiary book is a special purpose book of original entry used to record a particular class of similar transactions, reducing the burden on the main journal.
What is the format of a simple single-column cash book?
It has only one column each for debit and credit sides.
What is the purpose of a cash book in banking?
A cash book records all cash receipts and payments chronologically and serves the dual purpose of a journal and a ledger for cash transactions.
What does the debit side of the cash book record?
All cash receipts and inflows into the business.
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