How is a contra entry recorded in the cash book - SS1 Accounting Double Column Cash Book With Emphasis On Contra-Entry Question
How is a contra entry recorded in the cash book?
A
The same amount is recorded in both cash and bank columns with opposite signs
B
The same amount is recorded in both cash and bank columns with the same sign
C
The amount is recorded only in the bank column
Ask EduPadi AI for a Detailed Answer
Correct Option: A
Please share this, thanks:
#SS1 #SS1
Add your answer
No responses