Question on: JAMB Accounting - 2017
A double entry for a transaction that offsets one amount against another on both sides of the cashbook is a
A
original entry
B
contra entry
C
prime entry
D
contract entry
Ask EduPadi AI for a detailed answer
Correct Option: B
contra entry is used to offset amount or same transaction against another on both side of the cashbook
Add your answer
Please share this, thanks!
No responses