Double Column Cash Book With Emphasis On Contra-Entry - SS1 Accounting Past Questions and Answers - page 1

A financial record with separate columns for cash and bank transactions 

A record of cash transactions only 

A record of bank transactions only 

To record both cash and bank transactions in the same book 

To record cash transactions only 

To record bank transactions only 

A transaction that involves both cash and bank accounts in the same book but in opposite columns

A transaction that involves only cash 

A transaction that involves only bank 

The same amount is recorded in both cash and bank columns with opposite signs

The same amount is recorded in both cash and bank columns with the same sign 

The amount is recorded only in the bank column 

To enable easy tracking and reconciliation of cash and bank balances 

To complicate the bookkeeping process 

To confuse the business owners 

A double-column cash book records both cash and bank transactions, while a single-column cash book records only cash transactions 

A double-column cash book records only cash transactions, while a single-column cash book records both cash and bank transactions

There is no difference between a double-column cash book and a single-column cash book