THREE COLUMN CASHBOOK
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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...
