The discount column of a three column cashbook ... - JAMB Accounting 1994 Question
The discount column of a three column cashbook is not balanced off but periodically transferred to the discount account because discounts
A
are not important in cashbooks
B
are cash items only
C
do not form part of double entry
D
are used for bank reconciliation
correct option: c
Please share this, thanks:
Add your answer
No responses