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Which of the following is not a column of a three-column cash-book?
  • a)
    Cash column
  • b)
    Bank column
  • c)
    Petty cash column
  • d)
    Discount column
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which of the following is not a column of a three-column cash-book?a)C...
A triple column cash book or three column Cash Book is one which consists of three separate columns on the debit side as well as credit side for recording cash, bank and discount. The discount column on the debit side of the cash book will record discounts allowed and that on the credit side discounts received. Discount columns in both side are not balanced only totaled.So, petty cash column is not include in three-column cash-book.
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Which of the following is not a column of a three-column cash-book?a)Cash columnb)Bank columnc)Petty cash columnd)Discount columnCorrect answer is option 'C'. Can you explain this answer?
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