Types of Cash Book - JSS2 Business studies Lesson Note

Single Column Cash Book:

This type of cash book contains only one column on each side: the left side for recording cash receipts and the right side for cash payments.

It is suitable for small businesses with straightforward cash transactions.

 

Two Column Cash Book:

In this type, there are two columns on each side: one for cash and one for another account, typically the bank account.

It facilitates the recording of both cash and bank transactions, offering a clearer distinction between the two.

 

Three Column Cash Book:

This cash book includes three columns on each side: one for cash, one for bank, and one for discount.

It is particularly useful for businesses that frequently offer or receive discounts on transactions.