Cash Book Class 11 ONE SHOT | Accounts GAURAV JAIN
THE GAURAV JAIN・2 minutes read
The video covers the cash book in four parts and explains the fundamental law of debit what comes in and credit what goes out, emphasizing that the cash book records only cash-related transactions. The chapter highlights the simplicity of the cash book compared to the general ledger, serving as a substitute for cash transactions and ensuring accurate recording through various transaction scenarios.
Insights
- The cash book simplifies transaction recording by focusing solely on cash-related activities, adhering to the rule of "Debit What Comes In and Credit What Goes Out."
- Different types of cash books, like single column and double column, cater to specific needs, with single column cash books exclusively tracking cash transactions and ensuring a debit-heavy balance.
Get key ideas from YouTube videos. It’s free
Recent questions
What is the purpose of a cash book?
To simplify recording cash transactions efficiently.
What does a single column cash book record?
Only cash transactions, excluding bank transactions.
How does a double column cash book differ from a single column cash book?
Combines cash and bank accounts for easier tracking.
What is the purpose of a petty cash book?
To manage small expenses separately.
How are expenses recorded in a petty cash book?
Individually, specifying date, voucher number, and payment method.
Related videos
Manisha commerce classes
triple column cash book in hindi
EXCEL DOERS
How to automate Accounting Ledger, Trial Balance, Income Statement, Balance Sheet in Excel | English
Rajat Arora
Journal Entries | Accounting | Rules of Debit and Credit.
CA Parag Gupta
Accounting Equation All Concepts & Questions | ONE SHOT | Class 11 Revision Series | CA Parag Gupta
FOG Accountancy Tutorials
THE CASH BUDGET (PART 1)