Hi,
In triple coloumn cash book, when it is said -
1) Received cheque from Mr. X Rs. 125
2) Z paid us cheque Rs. 175
3) Received cheque for sales Rs. 200
should the amounts be written on the cash column or bank coloumn of the receipts (debit) side, assuming that all cheques were deposited in the bank on the day in which they are received.
Expecting a quick and clear answer.
Thanking you in advance.

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Solution

When the date of deposit of cheque and its receipt is same, then the amount is recorded in the Bank column on the debit side of Double and Triple-Column Cash Book.

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