BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Detailed explanation-1: -There are three common types of cash books: single column, double column, and triple column.
Detailed explanation-2: -A cash book is a type of journal used to track the transactions between a business and its bank. There are three types of cash books: single column, double column, and triple column. Cash books are important because they allow businesses to track their finances in a detailed and organized way.
Detailed explanation-3: -Types of Cash and Cash Equivalents Cash in checking accounts. Cash in savings accounts. Bank drafts. Money orders.
Detailed explanation-4: -In a three column cash book, three columns are provided for the amounts on each side. One column records cash receipts and payments, the second records banking transactions, and the third records discounts received and allowed.