Cash Book - Different Types
Cash book is a book generally made on monthly basis, in which all cash transactions i.e. cash receipts and cash payments are recorded and discloses cash and bank balance at the end of the period. It is maintained by all organizations, big or small, profit or not-for-profit. It serves the dual purpose; of both journal as well as the ledger (cash) account.
Single Column Cash Book
When all receipts and payments are made in cash only, the cash book contains only one amount column on each (debit and credit) side.
The format of single column cash book:
| Date | Particulars | L.F. | Amount (₹) | Date | Particulars | L.F. | Amount (₹) |
Double Column Cash Book
In this type of cash book, there are two columns of amount cash and bank, on each side of the cash book.
The format of double column cash book:
| Date | Particulars | L.F. | Cash (₹) | Bank (₹) | Date | Particulars | L.F. | Cash (₹) | Bank (₹) |
Triple Column Cash Book
In this type of cash book, there are three columns of amount discount, cash and bank, on each side of the cash book.
The format of triple column cash book:
| Date | Particulars | L.F. | Disc. (₹) | Cash (₹) | Bank (₹) | Date | Particulars | L.F. | Disc. | Cash (₹) | Bank (₹) |
Cash Book - Different Types
Contra Entry:
Contra entry is the entry involving cash and bank columns entered on the opposite sides of cash book. There are two cases of passing contra entry:
- When cash is deposited into bank.
- When cash is withdrawn from bank for office use.
In case of such entries the word C, which stands for contra is written in the L.F. column indicating that these entries are not to be posted to the ledger account.