Unit-3 Cash Book And Bank Reconciliation

In this unit you will learn about the most important subsidiary book called Cash Book.

Why discount columns in the cash book are not balanced?

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Learning Pundits Content Team

Written on Apr 16, 2019 12:53:37 PM

The discount columns are not balanced, they are simply totaled. It is because the two discount columns relate to the two different heads of account, the , discount allowed and the discount received. By totaling the two discount columns you can find out the total amounts of the discount allowed and the discount received during a given period and complete their posting into the ledger.