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ACCOUNT

JAMB 2023 - Question 2

Account 2023 JAMB Past Questions - Question 2: The use of three column cash book is determined by

The use of three column cash book is determined by

A: tade discount

B: cash transaction

C: bank transaction

D: cash discount

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Correct Answer

Explanation

The cash discount is allowed for prompt payment of an account or for payment within a specified period of time. It is divided into discount allowed and discount received.