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

    

Similar Accounting Articles:

• TWO OR DOUBLE COLUMN CASH BOOK:
• METHOD OF POSTING
• CASH BOOK
• CONTRA ENTRY
• HINTS FOR WRITING THREE COLUMNS CASH BOOK;