O-LevelAccountingSources and recording of data7707/11 · May/June 2020 · Q81 Mark

Which statement about a two-column cash book is correct?

AIt is a ledger account for bank transactions only.

BIt is a ledger account for cash transactions only.

CIt is a book of prime entry.

DIt records cash discounts.

✓ Correct answer

C: It is a book of prime entry.

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Topic: Sources and recording of data, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, May/June 2020 Paper 1 Variant 1, question 8.

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