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.
View all questions of this testWhich of the following is not a column of a three-column cash-book?a)C...
The petty cash column is not a part of a three-column cash book. A three-column cash book typically includes:
- Cash column - records all cash transactions.
- Bank column - tracks transactions involving bank deposits and withdrawals.
- Discount column - records any discounts received or given.
The petty cash column is used for small, incidental expenses and is separate from the main cash book structure.
Therefore, Correct Answer - Option C