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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 

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Correct Option: A
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