AdmitMe
Accounts (Principles of Accounts) · The cash book and discounts

Accounts (Principles of Accounts)The cash book and discountsJAMB

Cash withdrawn from the bank for office use is recorded in the cash book by

Show answer

Answer: B. debiting the cash column and crediting the bank column

Cash in hand rises and the bank balance falls: a contra entry.

An AdmitMe practice question, written for the JAMB syllabus. Not an official past question.

Practise The cash book and discountsA timed set on this topic, freeAsk the AI TutorExplain it another way

Discussion

Ask about a step, share a shortcut, or explain it your way. Be kind; no links.

No comments yet. Be the first to explain it.

More The cash book and discounts questions