In business practice, cash account refers to a

business-to-business Business-to-business (B2B or, in some countries, BtoB) refers to trade and commercial activity where a business sees other businesses as its customer base. This typically occurs when: * A business sources materials for its production process for ...

business-to-consumer Direct-to-consumer (DTC or D2C) or business-to-consumer (B2C) is the business model of selling products directly to customers and thereby bypassing any third-party retailers, wholesalers, or middlemen. Direct-to-consumer sales are usually transa ...

account which is conducted on an immediate payment basis i.e. no credit is offered. It may also refer to an account held with a financial firm, in which a client deposits

cash In economics, cash is money in the physical form of currency, such as banknotes and coins. In book-keeping and financial accounting, cash is current assets comprising currency or currency equivalents that can be accessed immediately or near-i ...

to buy

stock Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the Share (finance), shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporatio ...

s, bonds and other

securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

. In

accounting Accounting, also known as accountancy, is the process of recording and processing information about economic entity, economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activit ...

practice, "cash account" or "cash book" refers to a daybook (Main entry book) used to record all transactions related to cash, especially cash receipts and payments. Cash account is considered as a special daybook because of its dual accounting impact. Cash account acts as a main entry book as well as a ledger in accounting. The dual impact of cash book occurs due to the presence of two sides (entities): Debit and credit. Cash account is the combination of

cash receipts journal A Cash receipts journal is a specialized accounting journal and it is referred to as the main entry book used in an accounting system to keep track of the sales of items when cash is received, by crediting sales and debiting cash and transactions ...

and cash payment journal and hence called as "cash receipts and payment journal".

Receipt A receipt (also known as a packing list, packing slip, packaging slip, (delivery) docket, shipping list, delivery list, bill of the parcel, Manifest (transportation), manifest, or customer receipt) is a document acknowledging that something h ...

and payment voucher are the

source document A source document is a document in which data collected for a clinical trial is first recorded. This data is usually later entered in the case report form. The International Conference on Harmonisation of Technical Requirements for Registration ...

s of cash book. Receipt is an evidence to the cash receipts and payment voucher is an evidence to the cash payments.

References

Share trading Accounting journals and ledgers Payment terms {{Accounting-stub