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Triple column cash books have three columns on both the debit and credit side of the cash book. These cash books record cash transactions, bank transactions and discounts.

column cash book or treble column cash book is one in which there are three columns on each side debit and credit side. One is used to record cash transactions, the second is used to record bank transactions and the third is used to record discounts received and paid.

Let us have a look at the types of cash books. Single column cash book. Double column cash book. Triple column cash book. Petty cash book.

Functions of the Columns in a Single Column Cash Book The format above consists of five columns on both sides of the cash book. The purpose/function of each column is briefly described in this section.

Cash column of cash book will always have a debit balance because actual cash payments cannot be more than the actual cash in hand. Q. From the following Cash Book (with cash and Bank columns) prepare necessary Ledger Accounts and balance them.

A cash book is a financial journal that contains all cash receipts and disbursements, including bank deposits and withdrawals. Entries in the cash book are then posted into the general ledger.

column cash book or treble column cash book is one in which there are three columns on each side debit and credit side. One is used to record cash transactions, the second is used to record bank transactions and the third is used to record discounts received and paid. Was this answer helpful?

The receipts are entered on the left (debit) side. Payments are entered on the right (credit) side. A single column cash book has only one money column on the debit and credit sides to record cash transactions. This is the reason why it is called a single column cash book (or a simple cash book).

The bank cash book has three columns at the debit side and three columns at the credit side, with the headings discount, details, bank.

One column records cash receipts and payments, the second records banking transactions, and the third records discounts received and allowed. Although single and double column cash books are alternatives to a cash account, the three column cash book serves the purpose of cash as well as a bank account.