Triple Column Cash Book :

Large business concerns receive and make payments in cash and by cheques. Where cash discount is a regular feature, a Triple Column Cash Book is more advantageous. This cash book has three amount columns (cash, bank and discount) on each side. All cash receipts,\ deposits into bank and discount allowed are recorded on debit side and all cash payments, withdrawals from bank and discount received are recorded on credit side.

The format is given in the next page.

Format :

Triple Column Cash Book of Mr……………………..
(Cash book with Discount, Cash and Bank Columns)

Dr.                                                                                                                                                                                                                                         Cr.

Date

Particulars

R N

L F

Discount All0owed Rs.

Cash Rs.

Bank  Rs.

Date

Particulars

R N

L F

Discount All0owed Rs.

Cash Rs.

Bank  Rs.

 

 Illustration :

Compile three column cash book of Mr.Sundar from the following transactions:

Aug 1            Sundar started business with cash Rs.2,00,000
2                    Deposited into Bank Rs.50,000.
4                    Cash purchases Rs.5,000.
5                    Purchases by cheque Rs.6,000.
6                    Goods sold to Nathan on credit Rs. 5,000.
8                    Received cheque from Mano Rs.490, Discount allowed Rs.10.
10                 Paid carriage Rs.1,000.
12                 Withdrew from Bank for office use Rs.10,000.
15                Paid to Sundari Rs.4,960, Discount allowed by her Rs.40.
20                 Received a cheque for Rs.4950 from Nathan in full settlement of his account, which is deposited into Bank.

Solution:

Triple Column Cash Book of Mr.Sundar

Date	Particulars	R N	L F	Discount All0owed Rs.	Cash Rs.	Bank  Rs.	Date	Particulars	R N	L F	Discount All0owed Rs.	Cash Rs.	Bank  Rs.
1-Aug	To Capital A/c				2,00,000		2-Aug	By Bank A/c		C		50,000
2-Jan	,, Cash A/c C					50,000	4	,, Purchases A/c				5,000
8	,, Mano’s A/c			10	490		5	,, Purchases A/c					6 ,000
12	12 ,, Bank A/c		C		10,000		10	,, Carriage A/c				1,000
20	20 ,, Nathan’s A/c			50		4,950	12	,, Cash A/c		C			10,000
							15	,, Sundari’s A/c			40	4,960
							31	,, Balance c/d				1,49,530	38,950
				60	2,10,490	54,950					40	2,10,490	54950
1-Sep	To Balance b/d				1,49,530	38,950

 

Note : Transaction dated 6th August will not appear in the cash book as it is a credit transaction.

Illustration 

Enter the following transactions in three column cash book of Mr.Muthu and balance the same.
2003
Aug 1                        Cash in hand Rs.75,000
Cash at bank Rs.40,000
4                                Paid into bank Rs.20,000.
6                                Purchased machinery by cheque Rs.10,000.
8                                Received from Mohan Rs.2,560
Discount allowed Rs. 40.
10                             Paid to Somu by cheque Rs.3,970 in full settlement of  his account Rs.4,000.

11                             Withdrew cash from Bank for personal use Rs.5,000.
15                             Received cheque from Balan Rs.4,900.
Allowed him discount Rs.100.
19                            Balan’s cheque deposited into Bank
24                            Anandan our customer has paid directly into our bank  account Rs.10,000.

27                           Rent paid by cheque Rs.3,000.

Solution:

Triple Column Cash Book of Mr.Muthu

Dr.                                                                                                                                                                                                                                               Cr.

Date	Particulars	R N	LF	Discount Allowed Rs.	Cash  Rs.	Bank Rs.	Date	Particulars	R N	LF	Discount Allowed Rs.	Cash  Rs.	Bank Rs.
2003							2003
1-Aug	To Balance b/d				75,000	40,000	4-Aug	By Bank A/c		C		20,000
4	,, Cash A/c		c			20,000	6	,, Machinery A/c					10,000
8	,, Mohan’s A/c			40	2,560		10	,, Somu’s A/c			30		3,970
15	,, Balan’s A/c			100	4,900		11	,, Drawings A/c					5,000
19	,, Cash A/c		c			4,900	19	,, Bank A/c		C		4,900
24	,, Anandan’s A/c					10,000	27	,, Rent A/c					3,000
							31	,, Balance c/d				57,560	52,930
				140	82,460	74,900					30	82,460	74,900
1-Sep	To Balance b/d				57,560	52,930

 

Illustration 

Prepare three column cash book of Mrs.Eswari from the following transactions and balance the cash book on 30th June 2003.

2003
June 1              Cash in hand Rs.50,000
Bank overdraft Rs.15,000
3                        Paid into bank Rs.25,000
5                        Parthiban settled his account for Rs.3,750 by giving a cheque for Rs.3,690.

8                        Parthiban’s cheque sent to bank for collection.
10                     Cash withdrawn from bank Rs.8,000.
14                     Parthiban’s cheque returned dishonoured
15                     Received from Ramesh a currency note for Rs.5,000 and gave him a change for it.

18                    Paid rent Rs.500.
20                   Bank charges as per pass book Rs.150.
30                   Deposited into Bank all cash in excess of Rs.5,000.

 

Solution:

Triple Column Cash Book of Mrs.Eswari

Dr.                                                                                                                                                                                                                                              Cr.

Date	Particulars	R N	LF	Discount Allowed Rs.	Cash   Rs.	Bank Rs.	Date	Particulars	R N	LF	Discount Allowed Rs.	Cash  Rs.	Bank Rs.
2003							2003
1-Jun	To Balance b/d				50,000		1-Jun	By Balance b/d					15,000
3	,, Cash A/c		C			25,000	3	,, Bank A/c		C		25,000
5	,, Parthiban’s A/c			60	3,690		8	x ,, Bank A/c		C		3,690
8	,, Cash A/c		C			3,690	10	,, Cash A/c		C			8,000
10	,, Bank A/c		C		8,000		14	,, Parthiban’s A/c					3,690
30	,, Cash A/c		C			27,500	18	,, Rent A/c				500
							20	,, Bank Charges					150
							30	,, Bank A/c C				27,500
							30	,, Balance c/d				5,000	29,350
				60	61,690	56,190						61,690	56,190
1-Jul	To Balance b/d				5,000	29,350

 

Note : Transaction dated 15th June will not be recorded in the cash book.

 

Illustration

Enter the following transactions in three column cash book of Mrs.Anu Radha.
2002
Sep 1           Cash in hand Rs.50,000
Bank balance Rs.15,000
2                 Sold goods to Udayakumar for Rs.15,000, cash discount allowed 1% and received cash for the balance.

3                 Tax paid Rs.1,000.
7                 Bought goods from Munuswamy for Rs.2,400, cash discount received 2% and paid cheque for the balance.

9                 Received repayment of loan from Elangovan Rs.10,000.
12               Paid into Bank Rs.5,000.
14               Paid Rs.1,400 to Aravind & Co., half by cash and half by cheque.

16                Dividend collected by the Bank as per pass book Rs.2,000.
18                Sold goods for cash and deposited into the bank on the same day Rs.5,000.

20                Sent to Bharathi by money order Rs.460, the money order commission being Rs.20.

Solution:

Triple Column Cash Book of Mrs.Anu Radha

Dr.                                                                                                                                                                                                                                          Cr.

Date	Particulars	R N	LF	Discount Allowed Rs.	Cash  Rs.	Bank Rs.	Date	Particulars	R N	LF	Discount Allowed Rs.	Cash  Rs.	Bank Rs.
2003							2003
1-Sep	To Balance b/d				50,000	15,000	3-Sep	By Tax A/c				1,000
2	,, Sales A/c			150	14,850		7	,, Purchases A/c			48		2,352
9	,, Elangovan’s Loan				10,000		12	,, Bank A/c		C		5,000
12	,, Cash A/c		C			5,000	14	,, Aravind & Co. A/c				700	700
16	,, Dividend A/c					2,000	20	,, Bharathi A/c				460
18	,, Sales A/c					5,000	20	,, Money Order Commission A/c			20
							30	,, Balance c/d A/c ,			67	670	23,948
				150	74,850	27,000					150	74,850	27,000
1-Oct	To Balance b/d				67,670	23,948

 

Illustration 
From the following information show how Mr.Venu Gopal’s triple column cash book would appear for the week ended 7th October 2002 and close the cash book for the day.

2002
Oct 1                   Cash in hand Rs.30,000
Bank balance Rs.1,000
2                           Sivan, our customer has paid directly into our bank account Rs.5,000.

3                           Paid rent by cheque Rs.500.
4                           Cheque issued in favour of Bharathi for purchase of furniture Rs.2,400.

5                           Received from Vinoth Rs.2,225 Discount allowed Rs.75.

6                           Paid into bank Rs.4,000
7                         Cash withdrawn from bank Rs.2,000.
Bharathi, to whom we have issued a cheque of Rs.2,400 has reported that our cheque is dishonoured.

Date	Particulars	R N	LF	Discount Allowed Rs.	Cash  Rs.	Bank Rs.	Date	Particulars	R N	LF	Discount Allowed Rs.	Cash  Rs.	Bank Rs.
2002							2002
1-Oct	To Balance b/d				30,000	1,000	Oct 3	By Rent A/c					500
2	,, Sivan’s A/c					5,000	4	,, Bharathi A/c					2,400
5	,, Vinoth’s A/c			75	2,225		6	,, Bank A/c		C		4,000
6	,, Cash A/c C					4,000	7	,, Cash A/c		C			2,000
7	,, Bank A/c C				2,000		7	,, Balance c/d				30,225	7,500
7	,, Bharathi A/c					2,400
				75	34,225	12,400					75	34,225	12,400
Oct 8	To Balance b/d				30,225	7,500