Cash Book I

BUSINESS STUDIES FOR JSS2 THIRD TERM

SUB -THEME: BOOK-KEEPING AND BUSINESS SUCCESS

WEEK 2

Cash Book I

Performance objectives:

Studentsshould be able to:

    1. Explain the meaning of cash book
    2. Identify items and columns of cashbook
    3. Prepare a cash book

Content

Meaning of Cash Book

Cashbook means the cash account. It is part of the ledger which is kept by a cashier

A cash account is an account in which all receipts and cash payments transaction is recorded. The cash book has two sides namely, the debit side which is on the left-hand side where all cash receipts are recorded, and the credit side is on the right-hand side where all cash payments are recorded..... View More

Subscribe now to gain full access to this lesson note

Take Me There

Click here to gain access to the full notes.