WAEC Accounting 2013 Objective — Question 38
Question 38 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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In a not-for-profit making organization, the cash book is referred to as
- A. income and expenditure account
- B. receipts and payment accountCorrect
- C. two column cash book
- D. petty cash book
Explanation
In a not-for-profit making organisation, the cash book is referred to as the receipts and payment account.
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