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WAEC Financial Accounting 2024 Question 43

Question 43

Cash Book

One of the columns in a single column cash book is

  1. A.Bank.
  2. B.Discount allowed.
  3. C.Discount received.
  4. D.Particulars.
Show the answer and explanation

Answer: A (Bank.)

Explanation

A single column cash book has just one money column, either cash or bank; discount columns appear only in two- and three-column books.