Cash accounts

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Small amounts of money which are paid out for things such as petrol, soap and bus fares are usually recorded in the book.
The customer has to pay to the bank for the daily services it provides.
Each single movement of money in the account is known as a .
At the beginning of each month the balance from the previous month is recorded at the top of the account as forward and at the end of the month as balance forward.
The bank statement should be checked against the cash book to make sure the figures are the same and that there are no
If the drawer informs the bank immediately that a cheque has been stolen or lost, the cheque will be by the bank and no payment will be made.
If double entry has taken place within the cash book the item does not need to be entered in another book as double entry and the item is known as a .
When a cheque is received and paid into an account it will be debited to the account once it has been .
To make sure that cheques have been signed by the account holder the bank chehecks the signature against a signature which they hold.
Holders of a account are issued with cheques but receive little, if any, interest, while customers with a account will receive a
higher rate of interest.