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WAEC Financial Accounting 2004 Question 4

Question 4

Cash Book

Which of the following is both a subsidiary book and a ledger?

  1. A.Sales journal
  2. B.Purchases journal
  3. C.Returns inward book
  4. D.Cash book.
Show the answer and explanation

Answer: D (Cash book.)

Explanation

The cash book is a book of original entry and also the cash and bank accounts of the ledger.