Warning
Info
Warning
Info
Simple English definitions for legal terms
cash book
Read a random definition: Mercy Killing
A quick definition of cash book:
A cash book is a special book that a business uses to keep track of all the money that comes in and goes out. It helps the business know how much money they have and where it is going.
A more thorough explanation:
A cash book is a record of all the cash transactions made by a business. It includes all the money received and paid out by the business.
For example, if a business receives cash from a customer, it will be recorded in the cash book as a cash receipt. Similarly, if the business pays cash to a supplier, it will be recorded in the cash book as a cash payment.
The cash book is important because it helps the business keep track of its cash flow. By recording all the cash transactions, the business can see how much money it has coming in and going out. This information is useful for making financial decisions and planning for the future.