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JAMB Principles of Accounts 2004 Question 10

Question 10

Cash Book

The three-column cash book differs from the two-column cash book in

  1. A.cash column
  2. B.discount column
  3. C.bank column
  4. D.folio column
Show the answer and explanation

Answer: B (discount column)

Explanation

A two-column cash book has cash and bank columns; the three-column one adds a discount column.