NECO Accounting 2007 Objective — Question 18

Question 18 of 60 from the National Examinations Council (NECO) Accounting 2007 Objective paper, with the correct answer and a full explanation.

The difference between two and three columns cashbook is the _____ column.

A. bank
B. cash
C. discountCorrect

Explanation

The three-column cashbook adds a discount column (for discounts allowed and received) in addition to the cash and bank columns found in the two-column cashbook.

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