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Cash book with cash and discount column is mostly referred to as

Answer & Solution
Correct Answer: Option B
Two Column Cash Books - In this discounts is also recorded with cash transactions. So both discounts received and the discount that is given is recorded here. If any organization is in a general practice of giving or receiving discounts this is the preferable option.
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8 Comments
Ajay Gavit
Ajay Gavit 3 years ago
Three column cash book unlike two column Bank and cash aslo known as contra entry or when included one more column like three column..cash , bank and discount
Mohd Mudassir
Mohd Mudassir 6 years ago
Sir Double column case book contains discounts and cash. The three. Column cash book also contains bank column .
Muhammad Ilyas
Muhammad Ilyas 6 years ago
B is right answer.

Explanation:

Cash book with cash and discount column is mostly referred to as two columns cash book. In three column cash book Cash, discount and also bank column included.
Muhammad Akhtar
Muhammad Akhtar 7 years ago
I think its call two column cash book
Zulqarnain Haider
Zulqarnain Haider 7 years ago
i think two column cash book because three column also include bank column
Poushali Ghosh
Poushali Ghosh 7 years ago
I think there option C indicates one cash book column and others are one is discount receive column and another is discount allowed column. Because here not clearly said what type of discount is this.
Zeeshan Baig
Zeeshan Baig 7 years ago
it will be a two column cash book as only two accounts are there so option B is correct
Lulu Tagru
Lulu Tagru 8 years ago
Generally, cash book has three types :a) single column cash book "where contained only cash column,
B) Double column cash book ;contained two column "cash column and bank column".
C) Triple column cash book ;here contained three column "cash,bank and discount column.