Explanation of Cash Book

Cash book is a financial journal that contains all cash receipts and payments including bank deposits and withdrawals. Entries in the Cash book are posted into the general ledger. The Cash book is periodically resigned with the bank statements as an internal method of auditing.

Subdivision of Journal

Subdivision of Journal: Learning Objectives: What is subdivision of journal? Define and explain cash book and bank reconciliation statement What are the different types of cash book? Write single, double, and three column cash book. Prepare a bank reconciliation statement. Though the principle of