The use of three column cash book is determined by
FINANCIAL
JAMB 2023
The use of three column cash book is determined by
- A. trade discount
- B. cash transaction
- C. bank transaction
- D. cash discount
Correct Answer: D. cash discount
Explanation
The cash discount is allowed for prompt payment of an account or for payment within a specified period of time. It is divided into discount allowed and discount received.
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