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CMA Foundation · Fundamentals of Financial and Cost Accounting · Cash Book, Bank Book, Petty Cash Book, Bank Reconciliation Statement

In a double column cash book, the two money columns on each side are used to record:

A double column cash book has cash and bank columns on both sides. It records cash transactions and bank transactions together. Discount columns are added only in a triple column cash book, so cash and bank is the correct pairing for the two money columns.

  1. ACash and bank transactionsCorrect
  2. BCash and discount
  3. CBank and discount
  4. DCash and petty cash

Explanation

A double column cash book has a cash column and a bank column on both the debit and credit sides. Discount columns are added only in a triple column cash book. Hence the two columns are cash and bank.

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