The two column cash book records
FINANCIAL
WAEC 2023
The two column cash book records
- 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
Correct Answer: C. all receipts and payments both in cash and by cheque
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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