Columnar Day Book And Petty Cash

Question 1

When is columnar day book used

Answer 1

When a company uses theirs book when the purchase day book is use for purchases on credit for both Fresca,e and non resale

The book is used to distinguish between transactions

Question 2

What are analytical cash books used for?

Answer 2

• discounts
  Vat
  Types of transactions sales and purchase

Question 3

What is the double entry for cash receipts ?

Answer 3

Debit. Bank
Credit perspective account

Question 4

Name the double entries for cheque receipt

Answer 4

Debit perseptive account
Credit bank