What are the Features of cash book?

The features of cash book are as follows:

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  • Only cash/bank transactions are recorded in cash book.
  • It performs the role of both journal and the ledger.
  • Receipt are recorded on the debit side and payments on the credit side.
  • It records only one aspect of the transaction i.e. cash and bank; double entry is completed by means of posting in the ledger to the respective account.
  • Transactions are recorded in chronological order.
  • Cash column must have debit balance whereas bank column may have debit or credit balance depending upon whether bank balance is positive or overdraft.
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