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  1. Copilot Answer

    Three Column Cash Book | Format, Calculation, and …

    • Learn how to record cash, bank, and discount transactions in a three column cash book. See the format, hints, contra entries, and posting method with an example.… See more

    What Is A Three Column Cash Book?

    A cash book with three columns for discounts received and paid, cash transactions, and bank transactions is known as a three column cash book. See more

    Finance Strategists
    Explanation

    A three column cash book, also known as a triple column cash book, contains three money columns on both the debit and creditsides: one on each side for recording discount, c… See more

    Finance Strategists
    Discount Columns: Key Points

    Consider the following critical aspects of discount columns in a triple column cash book: 1. The discount allowed column is located on the debit side and the discount received co… See more

    Finance Strategists
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