Category: Accounting

# What is Cash Book with Discount and Bank Column or Three Column Cash Homework Answers?

By Phillip L'Hoette
9 Jul, 2017
K
L

Cash book with discount and bank column is also known as the three column cash book. It is similar to that of the simple and double cash book. At first, there were two columns in the cash book, i.e. the cash column and discount column. It was known as double column cash book or the usual cash book. In three column cash book, a new column, i.e., the discount is added. Hence, the name is triple column cash book. The cash book with discount and bank column helps to account for the received discount.

Finance is a tough subject, and you need to be extra attentive in the class if you need to score well in exams. Even if you are attentive in the class, it might not be possible on every student’s part to grasp all the concepts that the teacher has discussed. Well, in that case, for completing your assignment of cash book with discount and bank column or three column cash homework answers, you might need some help. You find many ways which you can use as a help. Though, you have to have to learn how to complete homework fast and revise the lessons.

Method of recording transactions

The bank column present on the credit side contains all the transactions that decrease cash at the bank. The one present on the debit side contains the transaction that increases the balance. It is then, recorded on both sides of the cash book. The credit includes the payment of bills and other charges while the debit includes the receiving of money.

1. Money paid to the Bank

When you pay money to the bank, the money is debited to the bank account and credited from the cash account. Hence, it completes the double-entry method. It is not possible for an account to credit and debit at the same time. The credit is written in the cash column as “By bank, ” and the debited cash is written in the bank column as “To cash”. After the entries have appeared, contra or C is written in the L.F. column. It means you can find the other transaction on the opposite side.

1. Money withdrawn from the Bank

In this case, the cash is debited to the cash account and credited from the bank account. Now, we have to enter both the transactions in the cash book. The debit money in the cash column is written as “To bank, ” and the credit is written in the bank column as “To cash”.

Taking assistance from online support services

Online support services are of real help when a student is struggling with loads of assignments. If you take help from your class teacher, it is also good. However, he may not always be free to assist you. He might have other classes to attend or be busy with some other work. Hence, you have to look after his availability if you need help from him. On the other hand, the online services are always present 24×7. Hence, in this matter, it might be a right choice to take help online.

The online assignment provider also provides your homework with the deadline you have specified earlier. Most of the websites make sure that they keep checking with this particular service. One more important function of the online resources is they provide 100% authentic work. It should be plagiarism free and unique. They work they provide doesn’t match with any other help services or is a copied content.

The experts do to their jobs with full dedication. They always try to make the concept easier for you to understand. Hence you can read every single topic with ease even if it is cash book with discount and bank column or three column cash homework answers. As it also helps you to perform better in the exams, it reduces stress for most of the students. In this way, they can also concentrate more on studies. They can give more time to each subject.