passwella.
Menu

JAMB Principles of Accounts 2006 Question 19

Question 19

Cash Book

The use of a three-column cash book is determined by

  1. A.cash discounts
  2. B.trade discounts
  3. C.cash transactions
  4. D.bank transactions.
Show the answer and explanation

Answer: A (cash discounts)

Explanation

The third column of a three-column cash book records cash discounts allowed and received.