Cash book is an accounting book with all cash transactions showing the details of the cash transaction of the business viz , date , particulars with debit and credit entries finally with closing cash balance at the end. Cashbooks will help the companies in recording the cash transactions that happen on a daily basis.

Cash books are significant because they prevent any cash transactions from being ignored and because they help simplify accounting by storing all cash transactions in one location. You can use them to quickly determine how much money was paid or received on a specific date. Alternatively, you can check your current balances.