Cash Book Definition

Front

What is a cash book?

Back

A book used to record all cash and bank transactions of a business.

Front

What are the two sides of a cash book?

Back

Debit (Dr) – money coming in, Credit (Cr) – money going out.

Front

Can the cash balance ever be negative?

Back

No, cash cannot have a credit balance.

Front

Which side records payments?

Back

Credit side.

Front

Which side records receipts?

Back

Debit side.