cashbook Definition
a book in which the daily transactions of a business involving cash are recorded.
Using cashbook: Examples
Take a moment to familiarize yourself with how "cashbook" can be used in various situations through the following examples!
Example
The accountant recorded all the cash transactions in the cashbook.
Example
The cashbook is an important tool for managing a small business.
Example
She spent hours reconciling the bank statement with the entries in the cashbook.
cashbook Synonyms and Antonyms
Phrases with cashbook
Example
The petty cashbook is used to record small purchases like office supplies.
double-entry cashbook
a cashbook that uses the double-entry accounting method to record transactions
Example
The double-entry cashbook is used to ensure that every transaction is recorded twice, once as a debit and once as a credit.
Example
The bank cashbook is used to keep track of deposits, withdrawals, and other transactions related to a bank account.
Summary: cashbook in Brief
A 'cashbook' [kash-boo k] is a book used to record daily transactions involving cash in a business. It is a vital tool for managing finances and keeping track of expenses. The 'petty cashbook' is used for small expenses, while the 'double-entry cashbook' uses the double-entry accounting method. The 'bank cashbook' records transactions related to a bank account.
