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Explain the difference between a single column and a double column cash book.
(a)Single column records cash and bank transactions; double column records only cash transactions.
(b)Single column records only cash transactions; double column includes both cash and bank transactions.
(c)Single column is used by small businesses; double column by larger businesses.
(d)Single column includes all types of transactions; double column is limited to cash only.

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Important Questions on Economics

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