The discount column of a three column cashbook is not balanced off but periodically transferred to the discount account because discounts - SchoolNGR

Search SchoolNGR

The discount column of a three column cashbook is not balanced off but periodically ...

The discount column of a three column cashbook is not balanced off but periodically transferred to the discount account because discounts

SchoolNGR Classroom

Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

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 Answer: Option C

Explanation:

Prev Current Next

Study Subjects

Stay Updated

Follow us on: