Sohrab Bicycle Co. shows the following accounting information for next four   quarters of year 2016:   Sohrab Bicycle Co. shows the following accounting information for next four     quarters of year 2016:            Quarter-1  Quarter-2  Quarter-3  Quarter-4    Sales in units                   400                   500                   600                   700    Price will remain unchanged for the whole year (i.e. Rs. 1500)                Cash Collection:          Cash Balance at start Rs. 1,000,000        60% cash will be collected for current quarter and       40% will be in the next quarter.                    Required: Sales budget for the year 2016 and Cash Budget

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Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.