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WAEC Financial Accounting 2023 Question 33

Question 33

Cash Book

The two column cash book records

  1. A.receipts and payments in cash only.
  2. B.receipts and payments by cheque only.
  3. C.all receipts and payments both in cash and by cheque.
  4. D.all receipts in cash only and payments by cheque.
Show the answer and explanation

Answer: C (all receipts and payments both in cash and by cheque.)

Explanation

The two-column (cash and bank) book records both cash and cheque transactions.