She opened a bank account with her saving account cheque? Double colum

1.	She opened a bank account with her saving account cheque? Double column cash book
Answer» The double column cash book (ALSO known as two column cash book) has two money columns on both DEBIT and CREDIT sides – one to record cash transactions and one to record bank transactions. In other words, we can say that if we ADD a bank column to both sides of a single column cash book, it would become a double column cash book. The cash column is used to record all cash transactions and works as a cash account whereas bank column is used to record all receipts and payments made by checks and works as a bank account. Both the columns are totaled and balanced like a traditional T-account at the END of an appropriate period which is usually one month.

She opened a bank account with her saving account cheque? Double column cash book

Answer»

The double column cash book (ALSO known as two column cash book) has two money columns on both DEBIT and CREDIT sides – one to record cash transactions and one to record bank transactions.

In other words, we can say that if we ADD a bank column to both sides of a single column cash book, it would become a double column cash book.

The cash column is used to record all cash transactions and works as a cash account whereas bank column is used to record all receipts and payments made by checks and works as a bank account.

Both the columns are totaled and balanced like a traditional T-account at the END of an appropriate period which is usually one month.

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