Triple Column Cash BookIt is the most comprehensive cash book with cash, bank and discount columns on both the sides. All cash receipts, bank receipts and discount allowed are recorded on the debit side of the cash book. All cash payments, bank payments and discount received are recorded on the credit side. It serves the purpose of both, cash and bank accounts. Hence, it is also known as bank column cash book.
Note: When a cheque received from a customer is given to any other party, it is called endorsement. On endorsement of a cheque, the amount is recorded on the credit side of the cash column of the cash book as there is payment