Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

What is done to the totals of a three-column cash book at the close of an accounting period?

  • Acash and bank columns balanced; discount columns balanced
  • Bcash and bank columns balanced; discount columns totalled
  • Ccash and bank columns totalled; discount columns balanced
  • Dcash and bank columns totalled; discount columns totalled

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