Question

What are the different types of cash book?

Answer 1

The main cash book may be of various types and the following are the three most common types.

1. Simple or single column cash book (only cash column)
2. Cashbook with cash and discount column (double column cash book)
3. Cashbook with cash, discount, and bank columns (three-column cash book).
4. Apart from the main cash book, the petty cash book may also be prepared to enter the petty expenses, i.e., expenses involving a small amount.