FINANCIAL ACC 101

THREE COLUMN CASHBOOK Hey Guys, it’s a new day to live and learn. Let’s get straight to work. Three Column Cashbook is a book that shows or combines Cash, Bank, and Discount on the debit and credit sides. On the debit side of the cashbook is the Discount Allowed column while Discount Received column is on the credit side. Discount is the reduction in the price of Goods in order to encourage Bulk Purchases and Prompt Payment. Types of Discount: 1.     Trade Discount is an Allowance made by Manufacturers...

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COMMERCE 101

CLASSIFICATION OF RETAIL TRADE Happy Monday Everyone, we are here again, wow March has been nice. Hasn't it ? Hope you have enjoyed March so far, anyway we are continuing on the topic we started Last week, pls Enjoy!!!                                                                                           ...

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FINANCIAL ACC 101

                 TWO COLUMN CASHBOOK Hey Guys, Happy Thursday. Sorry that this post is late, something came up but Praise be God that it is here now, so let's get started. Two Column Cashbook is a combination of the Cash Account and Bank Account for the sake of convenience. There are separate columns for Date, Particulars, Folio, Cash and Bank on both the Debit and Credit sides. Cash Column: contains cash receipts and payments. Bank Column: contains all payments made by cheque...

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