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JAMB Principles of Accounts 2000 Question 10

Question 10

Cash Book

The most convenient cash book used by a petty trader operating in an area where there is no banking facility is

  1. A.four column
  2. B.three column
  3. C.single column
  4. D.two column.
Show the answer and explanation

Answer: C (single column)

Explanation

With no bank account and no discounts to record, a single-column (cash only) cash book is enough.