Tag Archives: #CashBookkeeping

What is the difference between cash book and ledger

Cash book and ledger A cash book and ledger are both important accounting tools used to keep track of financial transactions, but they serve different purposes. A cash book is a record of all cash transactions that occur within a business, including cash inflows and outflows. It is used to record and reconcile daily cash… Read More »

What are the Bookkeeping types?

Bookkeeping types There are two main Bookkeeping types: Single-Entry Bookkeeping: Single-entry bookkeeping is a simple method that involves recording each financial transaction only once. This method is often used by small businesses with few transactions. In single-entry bookkeeping, a record is made of each transaction in a journal or ledger, with one entry made for… Read More »

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