marginal marÂ·ginÂ·al (mÃ¤r'jÉ-nÉl) adj. Of, relating to, located at, or constituting a margin, a border, or an edge. Marginally within a lower standard or limit of quality. Relating to or located at the fringe of consciousness.
Single column cash book has only cash column in it. It records the Cash transactions related to a period . Whenever Cash is received on account of some transaction, It is recorded on the debit ( right ) side of the cash book. When cash is paid, it is recorded on the credit ( Left) side of the cash Book. At the end of the period, both the sides are balanced. Balancing of a Simple Cash Book. The cash book is balanced at the end of a given period say one month. At the end of the month both the debit and the credit side of the cash book are totaled. The debit side of the cash book shows the total of all the cash receipts during a period and credit side shows all the payments of that period.
The Cash balance which is the first line item under Current Assets at the top of the Balance Sheet is taken from the Ending Cash on the Cash Flow Statement. The Balance Sheet, unlike the Income Statement, is not a cumulative record over time; it is a snapshot of one moment in time. Cash Flow Statement The Cash Flow Statement connects the three financial statements together. The statement begins with Net Income from the Income Statement and the Ending Cash balance at the bottom Cash Flow Statement flows to Cash and Cash Equivalents at the top of the Balance Sheet. Practice Interview Questions: