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The triple column cash book (also referred to as three column cash book) is the most exhaustive form of cash book which has three money columns on both receipt (Dr) and payment (Cr) sides to record transactions involving cash, bank and discounts. A triple column cash book is usually maintained by large firms which make […]


Explanation. The three column cash book (also known as triple column cash book) has three money columns on both debit and credit side – one on each side for recording discount, cash and bank amounts.If a business keeps a bank account and receipts and payments are frequently made through bank account than it is useful to maintain a three column cash book rather than a single column cash book ...


Treble/Three Column Cash Book: Definition and Explanation: We know, when cash is received from the debtors, discount may be allowed to them. And when cash is paid to creditors, discount may be received from them. It means the cash and the discount are very much related to each other.


Triple Column Cash Book. Also called a three column cash book, a triple column cash book has “Cash”, “Bank” and “Discount Allowed” on the receipt on the left side and “Cash”, “Bank” and “Discount Received” on the payments are on the right side of the cash book.Cash discount is recorded, when payments are made in cash or by check.


One of the main advantages of a three column cash book is that it is very helpful to businessmen, since it reveals the cash and bank deposits at a glance. Writing a Three column Cash Book: Opening Balance: Put the opening balance (if any) on cash in hand and cash at bank on the debit side in the cash book and bank columns.


A three-column cash book is one that has three columns on both the debit and credit side of the journal. The first column corresponds to cash transactions, the second to bank transactions and the third to discounts issued and received.


A triple column cash book or three column Cash Book is one which consists of three separate columns on the debit side as well as credit side for recording cash, bank and discount. The discount column on the debit side of the cash book will record discounts allowed and that on the credit side discounts received.


Types of cash book. There are four major types of cash book that companies usually maintain to account for their cash flows. These are given below: A single column cash book to record only cash transactions. A double/two column cash book to record cash as well as bank transactions. A triple/three column cash book to record cash, bank and ...


A cash book is a financial journal in which cash receipts and payments including bank deposits and withdrawals are recorded first in a chronological order (ie recorded according to the date of transaction). There are two types of cashbooks, and they are the 2-column cash book and the 3-column cashbook. Before going into....


Thus we see that a Cash Book is the 'mixture of Journal and Ledger'. According to Spicer & Pegler, "the Cash Book is actually a ledger account, but owing to the large number of entries made therein, it is kept in a separate book, called a Cash Book, which is used also as a book of prime entry."