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The use of a three column cash book is determined by

Accounts - Principles of Accounts
JAMB 2017
The use of a three column cash book is determined by
  • A. cash discount
  • B. trade discount
  • C. cash transaction
  • D. Bank transaction
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Correct Answer: Option A
Explanation
A cash discount is a deduction allowed by the seller of goods or by the provider of services in order to motivate the customer to pay within a specified time
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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