Q114
A cash book with cash, bank and discount column is commonly referrred to as
A.
Cash book
B.
Two columns cash book
C.
Three columns cash book
AnswerD.
Petty cash book
Answer: Option C
Solution
Answer: Option C
Solution:
A cash book with cash, bank and discount column is commonly referrred to as Three columns cash book. The three column cash book (also known as triple column cash book) has three money columns on both debit and credit side – one on each side for recording discount, cash and bank amounts.