Learning Objectives
After completing this module, you would have learnt to:
1. Complete the Proforma of a typical Cash Book
2. Explain the dual function of the cash book as a book of prime entry and as a ledger for cash and bank.
3. Prepare a multi column cash book and record transactions there
4. Distinguish between trade discount and cash discounts
5. Recognize the significance of contra entries in the context of transactions of movement within cash and bank /within cash / within bank
6. Post the transactions from Cash Book to Ledger accounts
7. Verify the dual aspect with respect to flow of recorded transactions in Cash Book to Ledger
8. Apply spreadsheet (such as MS Excel) in preparation of cash transactions voucher to post to ledger accounts.