In a non-for-profit making organization, the cash book is referred to as

Accounts - Principles of Accounts

WAEC 2013

A. income and expenditure acount
B. receipts and payments account
C. two column cashbook
D. petty cash bok

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Correct Answer: Option B

Explanation

"A receipt and payment account is a summarized cash book (cash and bank) for a given period" prepared by Non-profit organizations (also called non-trading concerns) at the end of year.

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In a non-for-profit making organization, the cash book is referred to as

Correct Answer: Option B

Explanation

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