WAEC Financial Accounting 2003 Question 19

Question 19

Cash Book

The account that shows both the cash and bank transactions of an enterprise is

  1. A.Appropriation Account
  2. B.Trading Account
  3. C.Profit and Loss Account
  4. D.Cash Book
Show the answer and explanation

Answer: D (Cash Book)

Explanation

A two-column cash book records both cash and bank.