What are the three types of cash book?
Let us now look at the three main kinds of cash book a company may maintain.
- 1] Simple Cash Books. This is also known as a Single Column Cash Book.
- 2] Two Column Cash Books. Here instead of one column, we have an additional column for discounts.
- 3] Three Column Cash Books. (Source: Yourarticlelibrary)
- 4] Petty Cash Book.
Which form no is used for cash book?
#3 – Triple Column It is also referred to as a three-column cash book format, and it is a most exhaustive form which has three columns of money on both receipt and payment sides and record transactions about the cash, bank, and discounts.
What is cash and bank transactions?
A cash transaction refers to any business transaction, which involves immediate payment or receipt of cash. When a transaction is made through the bank, then it is called a ‘banking transaction’.
Which app is best for money transfer?
15 Best Money Transfer Apps For Android and iOS
| Google Pay | Samsung Pay | OFX Money Transfer |
|---|---|---|
| Venmo | Paytm | Phone Pe |
| Azimo | Paypal | TransferWise |
| Payoneer | Mobikwik | Western Union |
| Square cash | Free Charge | Airtel Thanks |
Is a check a cash transaction?
Cash includes the coins and currency of the United States and a foreign country. Cash may also include cashier’s checks, bank drafts, traveler’s checks, and money orders with a face value of $10,000 or less, if the business receives the instrument in: A designated reporting transaction (as defined below), or.
What does it mean to pay in cash?
A cash payment is bills or coins paid by the recipient of goods or services to the provider. Cash payments are preferred by those individuals not having a bank account, or which are attempting to avoid reporting an income tax liability.