ONE OR SINGLE COLUMN CASH BOOK

It records only Cash receipt and payments. It has only one cash column on each of the debit and credit side of the book. All the cash receipts are recorded on the debit side and the cash payment on the credit side.

Hints for writing single column cash book:

The following points Mould be kept in mind while writing a single column cash book:-

  1. The Cash Book is divided into two equal parts. The receipts of the cash are shown on the left hand i.e. on the debit side and all payments are shown on the

right hand side i.e. on the credit side.

  1. The balance of the cash brought forward from the previous period is written at the top of debit side as To Balance or To Capital in case of a new business when

cash is paid on account the same is entered on credit side.

  1. It should be balanced at the end of the given period.

Posting the single column cash book:

The following points should be kept in mind while posting the Cash Book.

  1. Opening and closing balances are not posted.
  2. The items appearing in the debit side of the cash book will be posted to the credit

of the respective accounts in the ledger.

  1. The reverse will be the case for the entries appearing on the credit side of the cash book will be posted to the debit of the respective accounts in the ledger.
  2. cash book and post into the

    ‘Illustration 1.1

    Enter the following transactions in the simple

    ledgers.

    2006

    Jan.

    1

    Cash in hand

    Rs.

    10,000

    5

    Received cash from Saleem

    Rs.

    500

    6

    Paid to Jamil & Co.

    Rs.

    200

    7

    Bought furniture for cash

    Rs.

    1,000

    10

    Paid Rent

    Rs.

    500

    fill

    12

    Cash sales

    Rs.

    700

    fill

    15

    Received commission

    Rs.

    100

    tin

    20

    Paid salaries for the month

    Rs.

    1,000

    30114non:
    Date

    Particulars

    L.F

    V.N

    Amount

    Date Particulars

    L.F

    V.N

    Amount

    2006

    Rs.

    2006

    Rs.

    Jan. 01To

    balance b/d

    10,000

    Jan. 06 By Jamil & Co.

    200

    5

    To Saleem

    500

    ” 7

    By furniture

    1,000

    “12

    To Sales

    700

    ” 10

    By Rent

    500

    15

    To Commission

    100

    “” 20

    By salaries

    1,000

    By balance c/d

    8,600

    11,300

    11,300

     

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