SINGLE COLUMN CASH BOOK (PART 3)
The Single Column Cash Book is a simple financial record-keeping tool used to track cash transactions within a business. It is structured with one column for recording cash inflows (receipts) on the debit side and another for cash outflows (payments) on the credit side. This cash book serves as both a ledger and journal, simplifying the process of managing and monitoring daily cash activities. Typically, it includes details like the date, description of the transaction, reference numbers, and the amount, ensuring a clear and organized record. Its simplicity makes it an essential tool for small businesses and individuals managing straightforward cash transactions.