NECO Accounting 2023 Objective — Question 33

Question 33 of 50 from the National Examinations Council (NECO) Accounting 2023 Objective paper, with the correct answer and a full explanation.

The two column cash book records (a) receipts and payments in cash only (b) receipts and payments by cheque only (c) receipts and payments in cash and by cheque (d) all receipts in cash only and payments by cheque

A. receipts and payments in cash only
B. receipts and payments by cheque only
C. receipts and payments in cash and by chequeCorrect
D. all receipts in cash only and payments by cheque

Explanation

A two column cash book has a cash column and a bank column, recording both cash and cheque (bank) receipts and payments.

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