JAMB Principles of Accounts 2000 Question 8

Question 8

Source Documents

A source document that aids the ascertainment of amount paid out of current account is the

  1. A.teller
  2. B.cheque stub
  3. C.cheque
  4. D.teller stub.
Show the answer and explanation

Answer: B (cheque stub)

Explanation

The cheque stub (counterfoil) stays with the drawer and shows the amount paid out of the current account.