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WAEC Financial Accounting 2009 Question 15

Question 15

Cash Book

A three column Cash Book contains columns for

  1. A.Cash, Assets and Liabilities
  2. B.Bank, Cash and Assets
  3. C.Cash, Bank and Returns
  4. D.Discount, Cash and Bank
Show the answer and explanation

Answer: D (Discount, Cash and Bank)

Explanation

A three-column cash book has discount, cash and bank columns on each side.