Cashbook is an important accounting record. There are two type of cashbooks. One cashbook is maintained for the purpose of payments and another cashbook is maintained for purpose of revenues or receipts. As regards the cashbook for payments all the transactions which are connected with the payment of the organization is recorded in the payment cashbook. Normally what is the main head of the account and sub-head of account under which the the payment is to be paid has to be recorded in the cashbook. Apart from this the payment voucher number under which the payment is to be made, gross amount to be paid, amount if any to be adjusted from the payment has also to be recorded in the cashbook. Payment cashbook becomes the source of making entries or posting into the General ledger.
As regards receipt cashbook all the receipt transactions of the organizations are recorded in the receipt cashbook. The receipt cashbook will contain the details of receipts, from whom the receipt is coming, main head of account and sub-head of account under which the receipt has to be entered in the receipt cashbook.
Receipt cashbook also becomes the source of making entries into the General ledger or posting into the General ledger.
As regards receipt cashbook all the receipt transactions of the organizations are recorded in the receipt cashbook. The receipt cashbook will contain the details of receipts, from whom the receipt is coming, main head of account and sub-head of account under which the receipt has to be entered in the receipt cashbook.
Receipt cashbook also becomes the source of making entries into the General ledger or posting into the General ledger.
