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Question
What is double column cash book?
Short Note
Solution
- It is a cash book with cash and discount columns.
- As there are two columns, i.e., discount and cash columns, both on debit and credit sides, this cash book is known as ‘double column cash book’.
- The discount column represents the discount allowed on the debit side and the discount received on the credit side.
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Double Column Cash Book (Cash Book with Cash and Discount Column)
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RELATED QUESTIONS
Enter the following transaction in Ahamad’s cash book with discount and cash columns.
| 2017 Oct |
||
| 1 | Cash balance | 37,500 |
| 3 | Cash Sales | 33,000 |
| 7 | Paid to Velan Rs. 15,850 and Discount allowed by him | 150 |
| 13 | Sold goods to Perumal on credit | 19,200 |
| 15 | Cash withdrawn for personal expenses | 4,800 |
| 16 | Purchased goods from Subramanian | 14,300 |
| 22 | Paid to Bank | 22,700 |
| 25 | Cash received from Perumal in full settlement | 19,000 |
| 26 | Draw a cheque for office use | 17,500 |
| 27 | Paid cash to Gopalakrishnan | 2,950 |
| Discount received from him | 50 | |
| 28 | Paid cash to Subramanian and settled his account | 14,200 |
| 29 | Cash purchases | 13,500 |
| 30 | Cash paid for advertising | 1,500 |
Enter the following transactions in cash book with discount and cash column of Anand.
| 2017 Oct |
||
| 1 | Cash in hand | 19,500 |
| 4 | Sold goods for cash | 32,000 |
| 5 | Credit purchases from Gandhi | 20,000 |
| 9 | Received from Gopu | 11,800 |
| Discount allowed to him | 200 | |
| 15 | Cash paid for Electricity charges | 12,500 |
| 17 | Bought computer and its accessories by cash | 16,800 |
| 25 | Paid cash to Gandhi ₹ 19,700 in full settlement of his account |
|
| 28 | Received cash from Thiruvengadam | 8,900 |
| Discount allowed to him | 100 | |
| 30 | Paid trade expenses in cash | 3,500 |
Give the format of ‘Double column cash book’.
