When both debit and credit entries in respect of a transa...
When both debit and credit entries in respect of a transaction are made in the same ledger account, this is
A ledger entry
An accounting entry
A folio entry
A contra entry
Correct answer is D
No explanation has been provided for this answer.
\(\begin{array}{c|c} & N \\ \hline \text{Sales} & 14,600 \\ \text{Purchases} & 5,500 \\ ...
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\(\begin{array}{c|c} & N \\ \hline \text{Debtors (1/1/98)} & 2,000 \\ \text{Debtors (31/12/9...
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