Cash Book Monty Blue

Description

A Cash Book is a type of accounting register used to record all cash transactions of a business in chronological order — including both cash received and cash paid.

Key Features:

Columns for date, particulars (description), voucher/reference number, cash received, cash paid, and running balance.

Works as both a journal (recording transactions) and a ledger (showing balances).

Can be single-column (cash only), double-column (cash & bank), or triple-column (cash, bank & discount).

Maintained daily to ensure accurate cash flow tracking.

Purpose:

To monitor the business’s daily cash inflow and outflow.

To maintain transparency and prevent cash mismanagement.

To prepare financial reports and make business decisions based on cash position.

Example:
If your shop receives ₹2,000 from a customer and pays ₹500 to a supplier, both entries are recorded in the Cash Book on the same day to keep track of the updated balance.