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JAMB Principles of Accounts 2014 Question 26

Question 26

Cash Book

A book of account that possesses the features of both daybook and ledger is

  1. A.sales day book.
  2. B.cash book.
  3. C.purchases day book.
  4. D.returns day book.
Show the answer and explanation

Answer: B (cash book.)

Explanation

The cash book is a book of first entry and also the ledger account for cash and bank.