Acc0205. Cashbook
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The document discusses Chapter 2 of the fundamentals of accounting, focusing on the cash book within the accounting process. It explains the types of cash books, including simple, two-column, and three-column cash books, as well as the petty cash book maintained on an imprest system. Additionally, it notes that the balance of the petty cash book is considered an asset.
Acc0205. Cashbook
- 1. CPTSuccessRevision Notes – Fundamentals of AccountingChapter 2. Accounting ProcessUnit 5: Cash Book
- 2. Chapter 2. Accounting ProcessUnit 5: Cash Book Cash transactions are recorded in the cash book
- 3. Cash book is a type of Subsidiary book but treated as Principal book of accounts
- 4. Cash book can be of 3 types:
- 5. Simple cash book
- 6. Two-column cash book
- 7. Three-column cash book
- 8. Petty Cash book is maintained on an imprest system. The balance of Petty cash book is an asset.©Revision Notes - Fundamentals of AccountingCPTSuccesswww.cptsuccess.com
- 9. CPTSuccess