The single column cash book is a cash book that is used to documentation simply cash transactions of a business. And, the double column cash book has two money columns on both debit and credit sides – one to documentation cash transactions and one to documentation bank transactions.
Single Column cash book
- Single column cash book (simple cash book) has one amount column in each side. All cash receipts are recorded on the debit side and all cash payments on the credit side.
- Single column cash book proceedings only cash receipts and payments. It has only one money column on each of the debit and credit sides of the cash book. All the cash receipts are entered on the debit side and the cash payments on the credit side.
- In single column cash book, only cash account is shown while in multi-column cash book cash as well as bank account is also shown.
- Also known as a simple cash book or a one column cash book, has one relevant column on each side which shows the simple “receipts” and “payments” of cash. Receipts are shown on the left side and the right side is for payments.
- It contains two columns the debit side and the credit side.
- Single column cash book only cash transactions are recorded. Single cash book as only cash transactions.
- Posting from debt (receipt) side of the cash book is done to the credit side of concerned accounts and from the credit side of cash book to the debit side of concerned accounts.
Double column cash book
- The Cash Book having two Amount Columns on both sides is called ‘Double Column Cash Book’. The most general double column cash books are; Cash book with discount and cash columns; and, Cash book with cash and bank columns.
- Double column cash book or two column cash book shows two amount column in the debit side and same column in credit site. The most familiar two column cash books are; (1) Cash book with discount and cash columns; (2) Cash book with cash and bank columns.
- Double column cash book is tha in which there are columns for cash balance as well as for bank balance.
- Also known as a two column cash book is the one which has a “Bank” column in addition to the regular “Cash” column. Just like the other type of books, it records receipts from cash and bank on the left side and payments – on the right side.
- In two column cash book, we have only two columns of discount and cash but in
- In Double column cash book, both bank and cash transaction can be recorded.
- Double cash book as cash as well as bank transactions both.
- This type is comparable to Simple Cash Book, except that one additional column on each side is provided for recording cash discount. As a discount is a nominal account, discount allowed being a loss is shown on the debit side and discount received being a gain is shown on the credit side.