SS 1 Book Keeping (1st, 2nd & 3rd Term)

INTRODUCTION: This is the book for recording receipts and payments of money in cash or cheque. NOTE: No credit transaction should be recorded in the cash book. CASH ACCOUNT: This… Read More »Single Column cash book

Definition: Double entry book keeping is the system of keeping account, which take advantages of the two-fold aspect of every transaction, whereby one account that receives is debited and another… Read More »PRINCIPLE OF DOUBLE ENTRY

Contra is a latin word which shows that cash has been withdrawn from the office and deposited in the bank or withdrawals of cash from bank for office use. It… Read More »CONTRA ENTRY

Meaning: The two column Cash book so-called because for both debit and credit entries, it has two columns, one for recording cash transactions and the other for bank transactions. It… Read More »DOUBLE COLUMN CASH BOOK

INTRODUCTION: This is the book for recording receipts and payments of money in cash or cheque. NOTE: No credit transaction should be recorded in the cash book.   CASH ACCOUNT… Read More »Single Column Cash Book