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JAMB Accounting 2010 Objective — Question 32

Question 32 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2010 Objective paper, with the correct answer and a full explanation.

32. The summary of receipts and payments account represents A. cash at hand B. journal proper C. general journal D. ledger accounts

A. cash at handCorrect
B. journal proper
C. general journal
D. ledger accounts

Explanation

The balance on the receipt and payment account represents the cash at hand.

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