Accounting

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…

The book in which all cash transactions (either cash is received or paid) are mainly recorded according to dates, is called ‘Cash Book’. It is…

A cash book is a exceptional journal which is used to record all cash receipts and cash payments. It is a financial journal that contains…

Journal Proper Journal Proper is mostly used for unique records of a transaction which due to their significance or rareness of incidence do not find…

Bills Payable Book Bills payable (B/P) book is used for the reason of recording the information of bills payable. The individual accounts of the parties…

Bills Receivable Book Bills receivable (B/R) book is used for the reason of recording the particulars of bills receivable. The individual accounts of parties from…

Bills Books When the number of bills received or issued is huge journalizing of all bill transactions will consequence in the massive waste of time.…

Dishonour of bill of exchange Dishonour of the bill means the non-payment of bill, when it is presented for payment. It refers to the nonpayment…

Noting and Protesting of bill of exchange If a bill is dishonoured, the drawer may move toward the court, and file a suit alongside the…

Discounting of Bill of Exchange When the holder of a bill is in require of cash before the due date of a bill he can…