Quess
Money that is readily available for use
Cash 🤑
Sum of money removed from it original price.
Cash discount
Made up of cash account and Bank account put together in one book.
Cash book
Cash discount allowed by a business to it's customer when they pay their accounts quickly
Discount allowed
Falls under cash and Bank account
Contra
Cash discount received by a business from its supplier when it pays their accounts quickly.
Discount received
Business transfer cash to the bank as soon as possible for security purpose.
Cash deposit
The business need cash for business use ,it will make a cheque out to itself for the amount of cash needed.
Cash withdraw
Are used in the cash book so that items may easily be traced to other accounts in the ledgers.
Folio column