Accounting 0452 · IGCSE · Business documents

Business documents — practice question

Sami keeps a complete set of accounting records. Why does Sami find it helpful to fill in the cheque counterfoil when he pays a credit supplier with a cheque?

  • AIt enables him to keep the purchases account up to date.
  • BIt helps in preparing the bank reconciliation statement.
  • CIt is a source of information for maintaining the cash book.
  • DIt is proof that he has paid the correct amount.

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