The use of a three column cash book is determined by

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Accounts - Principles of Accounts JAMB 2017

The use of a three column cash book is determined by

  • cash discount checkmark
  • trade discount
  • cash transaction
  • Bank transaction

The correct answer is: A

Explanation

A cash discount is a deduction allowed by the seller of goods or by the provider of services in order to motivate the customer to pay within a specified time
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