Question on: JAMB Accounting - 2024
Which of the following is a subsidiary book as well as a ledger?
A
purchases day book
B
returns outward book
C
general journal
D
cash book
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Correct Option: D
A subsidiary book is a book of original entry that records specific types of transactions. A ledger is the principal book that summarizes transactions.
The cash book is both a subsidiary book—because it records all cash receipts and payments—and a ledger, because it functions like a cash account with debit and credit entries.
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