Question 1 Introduction
The double-entry rules for a cash book are that payments are recorded on the debit side and receipts are recorded on the credit side.
The cash book is often both a book of prime entry, recording financial transactions from source documents, and is also the book where the double-entry transactions are recorded.
Cash book normally just contains the cash account of a business.
Entries in a cash book include both payments and receipts - involving cash, cheques and bank transfers.
The layout of a cash book must always follow strictly the same format.
The double-entry rules for a cash book are that payments are recorded on the debit side and receipts are recorded on the credit side.
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