Types of Cash Book - JSS2 Business studies Lesson Note
Single Column Cash Book:
This type of cash book contains only one column on each side: the left side for recording cash receipts and the right side for cash payments.
It is suitable for small businesses with straightforward cash transactions.
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Two Column Cash Book:
In this type, there are two columns on each side: one for cash and one for another account, typically the bank account.
It facilitates the recording of both cash and bank transactions, offering a clearer distinction between the two.
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Three Column Cash Book:
This cash book includes three columns on each side: one for cash, one for bank, and one for discount.
It is particularly useful for businesses that frequently offer or receive discounts on transactions.