Cash Book

Book of Prime Entry
A book or record where specific types of transactions are logged before being integrated into the double-entry bookkeeping system. Common examples include the day book, cash book, and journal.
Cash Book
A cash book is a financial journal that contains all cash receipts and payments, including bank deposits and withdrawals. It records transactions chronologically and is frequently reconciled with the bank statement to ensure accuracy and integrity in financial reporting.
Cash Sale
A cash sale refers to a transaction where the payment for the purchased goods or services is made immediately in cash, rather than via credit terms. Proper accounting entries for cash sales should be recorded in the cash book.
Cash-Payments Journal
A day book utilized for recording payments of cash from an organization's bank account, often integrated with a cash-receipts journal to form a complete cash book.
Incomplete Records in Accounting
Incomplete records in accounting refer to situations where some details are missing, such as unrecorded or partially recorded transactions. Completing these records usually involves examining the cash book and deducing missing items.
Three-Column Cash Book
A three-column cash book is an extended form of the cashbook which includes columns for discounts allowed and received in addition to cash and bank transactions.
Two-Column Cash Book
A two-column cash book that records receipts and payments made but does not record discounts allowed or discounts received.

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