what is cashbook balance
Balancing of Cash Book. All cash transactions relating to cash receipts (debits) are entered on the left side and all transactions relating to cash payments (credits) are entered on the right side. When a cash book is maintained, a separate cash book in the ledger is not opened. The cash book is balanced in the same way as an account in the ledger. But it may be noted that in the case of the cash book, there will always be debit balance because cash payments can never exceed cash receipts and cash in hand at the beginning of the period. The source document for cash receipts is generally the duplicate copy of the receipt issued by the cashier.