MCQOPTIONS
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| 1. |
Which of the following is NOT a characteristic of Cash Book? |
| A. | It has two identical sides—left hand side, the debit side and right hand side, the credit side |
| B. | It verifies the arithmetic accuracy of posting of entries from the Journal to the Ledger |
| C. | The difference between the total of two sides of cash book shows cash in hand |
| D. | It always shows debit balance. It can never show credit balance |
| Answer» E. | |