Question

Similarities between single column cash book and double column cash book

​

Answer 1

Some similarities are described below.

Step-by-step explanation:

Single column cash:

• There seems to be a single column for something like the number in the consists of a single column financial statement.
• Single cash register where financial transactions instead.
• In this, the transaction of cash seems to be recorded.

Double column cash:

• There seem to be two columns or sections with the double balance sheet.
• Triple cash records along with both cash and bank transactions.
• In this, transactions of cash, as well as bank both, are recorded.

Answer 2

The answer is "The both cash book is used to store transactions are recorded"

Step-by-step explanation:

Single and Double column cash book:

• A single column cash book is also known as a basic cash book, which is primarily used to record a business cash transactions (both debit and credit sides), it has only a single cash column titled "number" that is annually counted and balanced like that of a T-account.
• A double columns cash book is also known as the two columns cash book, which is used to store both debit, credit, and discount sides, in which one for reporting money transfers and another for recording bank transactions.