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The word homework strikes fear in your mind, and you gasp in fear and anguish when you hear Finance homework. Finance is a hard subject only if you fail to pay attention to class and avoid to avail Cash Book with Discount and Bank Column or Three Column Cash assignment help.
The reasons to not avoid Cash Book with Discount and Bank Column or Three Column Cash homework help:
- Attending regular classes are necessary, but the class lectures volatilize the moment you step outside of class.
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Definition and Explanation:
- A three column cash book is one in which there are three columns on each side that is the debit side and the credit side.
- One column is used to record cash transactions.
- The second column is used to record bank transactions.
- The third column is used to record discount received or paid.
- It reveals the cash and bank deposits at a glance. So it is beneficial for business men.
Cash Book with Discount and Bank Column or Three Column Cash assignment help shows how to write the columns:
- Opening Balance:
Put the cash in hand or cash at bank on the debit side. It should be put on the credit side if it is credited.
- Cheque received:
It will appear on the debit side of the cash book. The amount will be shown in the bank column. If the cheque is not deposited yet, the amount will appear in the cash column.
- Payment by Cheque:
Payment made by cheque will appear on the credit side. If the payment is made in cash, it will be recorded in a usual manner in the cash column.
Students learn how to post the columns while they are provided by Cash Book with Discount and Bank Column or Three Column Cash homework help from 24x7assignmenthelp.com.
The entries are posted in the following manner in the ledger:
- The opening balance of cash in hand and cash at the bank are not posted.
- Contra Entries are not posted.
- The amounts should be posted carefully on the respective sides, depending on debit and credit of the respective sides.
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