What is a cash book?

Question

This is an accounting related question;
what is the function of the bank and cash book reconcillation

Answer 1

your cash book is set up as debit side, all receipts
and credit side all payments. when you receive your bank statement you must tick off all items on that statement that appear in the cashbook. for the items left over on the statement you must now enter them into the cashbook on the relevant sides and find your new balance.

to reconcile the bank you must take the closing bank bal and plus any outstanding lodgements (receipts shown on the cashbook but not yet on bank state) then minus any unpresented cheques (chqs shown on cashbook but not yet on bank statement). the fiqure that you end up with should match the balance bought down on the cashbook.

Answer 2

In business, when you buy anything and pay cash. You get a receipt, and then write in the cash book, the name of the shop, what you purchased, the amount paid, and the number on the receipt. If you started the week with £50.00. cash you deduct the cost of the item i.e. £.10. from the starter of £50. and you should have £.40. left in your cash tin. At the end of the week the receipts and cash left must balance, It also works the other way around, when you take cash in payment for an item. They must balance out.

Answer 3

Cash book is a book which is prepare for cash transactions .
Cash book is maintained on monthly basis in the organisation for the recording of transactions related to cash receipts and cash payments.

Answer 4

A note book of cash going into and coming out of a business.

Answer 5

cash book keeps an eye on the flow of cash in the company outgoing incoming bill payments any thing to do with cash flow ,if the company did not keep a record the company could soon find problems