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WAEC Accounting 2013 Objective — Question 1

Question 1 of 50 from the West African Examinations Council (WAEC) Accounting 2013 Objective paper, with the correct answer and a full explanation.

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The distinguishing feature between a two-column and three-column cash book is

  • A. discount column
  • B. cash column
  • C. bank columnCorrect
  • D. ledger folio

Explanation

The three-column cash book has a bank column in addition to the discount and cash columns found in a two-column cash book.

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