The two column cash book records

Accounts - Principles of Accounts

WAEC 2023

A. all receipts in cash only and payments by cheque
B. receipts and payments in cash only
C. all receipts and payments both in cash and by cheque
D. receipts and payments by cheque only

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Correct Answer: Option C

Explanation

The two column cash book is a combination of cash account and bank account in one book. It shows the total particulars of all the money received and paid by the firm either in cash or cheque.

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The two column cash book records

Correct Answer: Option C

Explanation

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