Double Column Cash Book | Example

Double column Cash book feature image - Double Column Cash Book | Example

Double Column Cash Book has a two account column on both sides of the cash book.  it is three Type shown as below:

  1. Discount and Cash Column
  2. Bank and Cash Column
  3. Discount and Bank Column

Cash Book is an original entry book So we need to record full transaction but in single column cash book, it is not possible to record properly of those cash transactions which are including discount account also. So we need a discount and cash column cash book.

For example, Received cash from Pawan for Rs 9900/- and allow discount Rs 100/-.

The journal entry of this transaction will be

Cash A/c            Dr. 9,900

Discount A/c      Dr.   100

To Pawan a/c             10,000/-

Single column cash book, it not possible to record full transaction because we did not have any column for recording the amount of discount. So We have to prepare double column cash book.

1. A specimen of Discount and Cash Column are shown below:

Cash book double column Example  - Double Column Cash Book | Example
Double Column Cash book with Discount column

2. A specimen of the Bank and Cash Column are shown below:

Cash book double column Example 2  - Double Column Cash Book | Example
Double column Cash book with bank column

3. A specimen of the Bank and Discount Column are shown below:

Double column Cash book with bank and discount column  - Double Column Cash Book | Example
Double column Cash book with bank and discount column

The Columns of the Double Column Cash Book are Explained Below:

  1. Date:
  2. Particulars:
  3. Voucher Number (V. NO.):
  4. L.F. (Ledger Folio):

All the Above column are same as single column cash book but instead of amount column in the 1st type of double column cash book, Discount and Cash Column are maintained and in the 2nd type Cash and Bank column are maintained and in 3rd type bank and discount column are maintained a shown in above images.

Example No 1 | Discount and Cash Column:

We are taking the same example as the single column to understand easily. We have just made some of the changes to convert this example into the double column cash book with discount Column.  Changes are shown in bold font.

  • 01/04/17 Started a business with cash Rs 50,000/-
  • 04/04/17 Goods purchase worth Rs 10,000/- and payment made immediately get discount Rs 100/-
  • 07/04/17 Rent paid for the building Rs 1,000/-
  • 09/04/17 Wages paid for Rs 2,500/-
  • 11/04/17 Sold goods worth Rs 5,000/- and to receive payment immediately allow discount Rs 100/-
  • 12/04/17 Purchase goods from Ram & sons Rs 4,000/-
  • 14/04/17 Commission paid to Rohan Rs 100/-
  • 15/04/17 Payment received from Ram & sons Rs 3,950 and Allowed her discount of Rs 50/-
  • 16/04/17 Labour charges paid for Rs 250/-
  • 18/04/17 Furniture purchase for Rs 2,500/-
  • 21/04/17 Sold goods worth Rs 2,500/- to Ramesh.
  • 23/04/17 Payment made to Ramesh Rs 2,450 and received the discount of Rs. 50/-
  • 25/04/17 Freight paid to Rs 300/-.
  • 29/04/17 An owner withdraw cash from business for personal use Rs1,000.

Solution: –

Double column Cash book with cash and discount column Example - Double Column Cash Book | Example
Double column Cash book with cash and discount column Example

Note: –

Transaction Dated 12/04/17 & 21/04/17 not recorded in cash book because of these are credit business transactions.

we do not need to balance the Discount column because they both are the different account. On the debit side of cash book it is discount allowed and on the credit side, it is discount received. So, just total these both columns.

Example No 2 | Bank and Cash Column:

We are taking the same example as the single column to understand easily. Now just made some of the changes to convert this example into the double column cash book with Bank Column.we have bold the changes. 

  • 01/04/17 Started a business with cash Rs 50,000/- and bank balance of Rs 2,00,000/-
  • 04/04/17 Goods purchase worth Rs 10,000/- and payment made immediately By cheque.
  • 07/04/17 Rent paid for the building Rs 1,000/-
  • 09/04/17 Wages paid for Rs 2,500/- by Cheque
  • 11/04/17 Sold goods worth Rs 5,000/- and to receive payment immediately by cheque 
  • 12/04/17 Purchase goods from Ram & sons Rs 4,000/-
  • 14/04/17 Commission paid to Rohan Rs 100/-
  • 15/04/17 Payment received from Ram & sons Rs 4,000/- By cheque.
  • 16/04/17 Labour charges paid for Rs 250/-
  • 18/04/17 Furniture purchase for Rs 2,500/-
  • 21/04/17 Sold goods worth Rs 2,500/- to Ramesh.
  • 23/04/17 Payment made to Ramesh Rs 2500 by Cheque
  • 25/04/17 Freight paid to Rs 300/-.
  • 29/04/17 An owner withdraw cash from the business for personal use Rs1,000.

Solution: –

Double column Cash book with cash and bank column Example - Double Column Cash Book | Example
Double column Cash book with cash and bank column Example

Example No 3 | Discount and Bank Column:

We are taking the same example as the single column to understand easily. Now just made some of the changes to convert this example into the double column cash book with Bank & discount Column. Changes are shown in bold font. 

  • All the following transactions are made with the bank account instead of the Cash account.
  • 01/04/17 Started a business with cash Rs 50,000/-
  • 04/04/17 Goods purchase worth Rs 10,000/- and payment made immediately get discount Rs 100/-
  • 07/04/17 Rent paid for the building Rs 1,000/-
  • 09/04/17 Wages paid for Rs 2,500/-
  • 11/04/17 Sold goods worth Rs 5,000/- and to receive payment immediately allow discount Rs 100/-
  • 12/04/17 Purchase goods from Ram & sons Rs 4,000/-
  • 14/04/17 Commission paid to Rohan Rs 100/-
  • 15/04/17 Payment received from Ram & sons Rs 3,950 and Allowed her discount of Rs 50/-
  • 16/04/17 Labour charges paid for Rs 250/-
  • 18/04/17 Furniture purchase for Rs 2,500/-
  • 21/04/17 Sold goods worth Rs 2,500/- to Ramesh.
  • 23/04/17 Payment made to Ramesh Rs 2,450 and received the discount of Rs. 50/-
  • 25/04/17 Freight paid to Rs 300/-.
  • 29/04/17 An owner withdraw cash from business for personal use Rs1,000.

Solution: –

Double column Cash book with Discount and bank column Example - Double Column Cash Book | Example
Double column Cash book with Discount and bank column Example
If you have any question about this topic of Double Column Cash Book

please ask it in the comment section below.

Thanks