Recording of Transactions-II

transactions in our example are posted to the related ledger accounts: Books of Roopa Traders Gurmeet’s Account Nov. , Sales Account Nov. , Nov. , Insurance Account Nov.

, Furniture Account Nov. , Purchases Account Nov. , Stationery Account Nov. , Rukmani’s Account Nov.

, Rent Account Nov. , Salary Account Nov. , Bank’s Account Nov. , .

. Double Column Cash Book In this type of cash book, there are two columns of amount on each side of the cash book. In fact, now-a-days bank transactions are very large in number. In many organisations, as far as possible, all receipts and payments are affected through bank.

A businessman generally opens a current account with a bank. Bank, do not allow any interest on the balance in current account but charge a small amount, called incidental charges , for the services rendered. For depositing cash/cheques in the bank account, a form has to be filled, which is called a pay-in-slip . (refer figure .

) It contains a counterfoil also which is returned to the customer (depositor) with the signature of the cashier, as receipt . The bank issues blank cheque forms, to the account holder for withdrawing