tion:A cash book is a financial journal that contains all cash receipts and disbursements, including bank deposits and withdrawals. Entries in the cash book are then posted into the general ledger.A cash TRANSACTION is the immediate payment of cash for the purchase of an asset. Some market stock transactions are considered cash transactions although the trade may not settle for a few days. A futures contract is not considered a cash transaction.A bank transaction is a RECORD of money that has moved in and out of your bank account. When you have costsAll transactions in the cash book have two sides: debit and credit. All cash receipts are RECORDED on the left-HAND side as a debit, and all cash payments are recorded by date on the right-hand side as a credit. ... The double-column cash book shows cash receipts and payments as well as details about bank transactions.The only difference between cash and credit transactions is the timing of the payment. A cash transaction is a transaction where payment is settled immediately. On the other hand, payment for a credit transaction is settled at a later date. ... That can also be classified as a cash transaction because you PAID immediately.