In this article, we will learn in-depth about the double or two-column cash book including its definition, format, and much more. What is a double column cash book? A double-column…
In this article, we will learn in-depth about cash receipts and cash payments journal, including its definition, Rules, format, and much more. What is a Cash Receipts Journal? A cash…
In this article, we will learn in-depth about the petty cash book including its definition, necessity and advantages, format, classification, and much more. What is a Petty Cash Book? The…
In this article, we will learn in-depth about the single-column cash book including its definition, format, features, procedure for preparing a single-column cash book, and much more. What is a…
In this article, we will learn in-depth about the difference between cash book and cash account, and much more. What is the Difference between Cash Book and Cash Account? The…
In this article, we will learn in-depth about the difference between the trade discount and cash discount, and much more. What is the difference between the Trade Discount and Cash…
In this article, we will learn in-depth about contra entry and reverse entry, including their definition, examples, accounting treatment, and much more. What is Contra entry? If a transaction affects…
In this article, we will learn in-depth about why is the trade discount not accounted for, and much more. The seller gives some discount to the buyer from the price…