THE CASH BOOK : LSUS

FINANCIAL ACCOUNTING SSS1 SECOND TERM              

WEEK 1 &2

THE CASH BOOK

Performance Objectives

Students should be able to:

  1. List four features of the Cash Book
  2. Explain using a suitable example the meaning of the term – Contra Entries

Contents

The Cash Book is a subsidiary book of account that is used to record the payments and receipts of money (cash or cheques) to or by a business organisation. The cash book is part of the double entry system. It, therefore, functions both as a ledger and a subsidiary book of account

Types of Cash Book

  1. Single Column Cash Book
  2. Two Column Cash Book (or Double Column Cash Book)
  3. Three-Column Cash Book
  4. Petty Cash Book

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