The two column cash book records
- all receipts in cash only and payments by cheque
- receipts and payments in cash only
-
all receipts and payments both in cash and by cheque
- receipts and payments by cheque only
The correct answer is: C
Explanation
The two column cash book is a combination of cash account and bank account in one book. It shows the total particulars of all the money received and paid by the firm either in cash or cheque.