Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 7 - No. 13)

Which of the following is an advantage of using a 3-column cash book?
It reduces the need for a ledger.
It shows the bank overdraft.
It provides detailed information on cash sales.
It can record cash discounts.

Explanation

The 3-column cash book can record cash discounts.

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