What are the four rules that guide the entry of... - SS1 Accounting The Three-Column Cash Book With Discounts Well Explained Question

 The four rules are: 

1) all cash received is entered in the cash received column, and all cash payments are entered in the cash payments column, 

2) entries should be dated and have a brief description of the transaction, 

3) all transactions must be entered in the correct columns and with the correct amounts, and 

4) the cash book must be balanced regularly to ensure that the total of the cash received column equals the total of the cash payments column, and the net balance is the cash in hand or the bank balance.