Accounting Principle

Balancing Petty Cash Book At the end of the period i.e., week or month the whole payments column and individual expenses columns are totaled. It…

Analytical Petty Cash Book In big business apprehensions, the petty cash book is maintained in analytical form, with a detached column for each standard item…

Imprest System of Petty Cash Book Imprest means ‘money advanced on loan’. This method is a structure of financial accounting system. The most general imprest system…

Petty Cash Book In every industry, of whatever size, there are a lot of little cash payments such as transportation, carriage, postage, telegram, etc. These…

A three column cash book or treble column cash book is one in which there are three columns on each side – debit and credit…

Triple Column Cash Book A three column cash book or triple column cash book is one in which there are three columns on each side…

A cash book is an exceptional journal which is used to record all cash receipts and cash payments. Cash book is written by depositor and…

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…

Contra Entry Contra entry is an adjustment entry between banker and customer. When an entry affects both cash and bank accounts it is called a…

Balancing of Single Column Cash Book The cash book is balanced similar to any other account. The sums of the receipt (debit side) column will…