With the single-entry system of bookkeeping, you mostly record cash disbursements and cash receipts. You will record incoming and outgoing money in the cash book. Usually, you track assets and liabilities separately.

What is recorded in the cash book?

A cash book is a subsidiary of the general ledger in which all cash transactions during a period are recorded. The cash book is recorded in chronological order, and the balance is updated and verified on a continuous basis.

What is not recorded in cash book?

Cash book is a book in which all transactions relating to cash receipts and cash payments are recorded. ... When a cashbook is maintained, transactions of cash are not recorded in the journal, and no separate account for cash or bank is required in the ledger.