The main cash book is a type of a general ledger that records all cash transactions during a period are recorded.

No, it is not recorded in Cash Book.

Yes, Cash Book is a real account that that records the cash receipts and cash payments of a business for the particular accounting year.

LF stands for the ledger folio number. Generally, folios are reference numbers for dividing books into several parts.

The triple column cash book consists of three amount columns on the debit and credit side of the cash book. It includes cash, discount, and bank am...

Formula to calculate Cash Book Balance is Cash Balance = Opening Balance + Receipts – Withdrawals

Yes, a petty cash book is a type of cash book. It is used for small and recurring business expenses made in a business. A small amount of petty cas...

The two components of Cashbook are disbursements and receipts.

Cashbook is a separate ledger whereas a cash account is a part of a general ledger. Cash balances are reported in the cash account at the end of th...

Usually, these three documents are required for entries: 1. Cash Memo 2. Receipts (Credit) Voucher 3. Payments (Debit) Voucher

A cash discount is a form of concession given to debtors from the amount to encourage prompt payments. It is known as Discount allowed. The discoun...