A contra entry in the Cash Book means that: (a) Debit and credit entries are on the
Question:
A contra entry in the Cash Book means that:
(a) Debit and credit entries are on the same folio of the Cash Book
(b) Debit and credit entries are on any folio but in the Cash Book
(c) Debit must be in the Cash account and the credit in the Bank account
(d) Debit must be in the Bank account and the credit in the Cash account
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a Debit and c...View the full answer
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Related Book For 
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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