A double entry for a transaction that offsets one amount ...
A double entry for a transaction that offsets one amount against another on both sides of the cashbook is a
Original entry
Contra entry
Prime entry
Contract entry
Correct answer is B
Contra entry is used to offset amount or same transaction against another on both side of the cashbook.
Calculate the cost of goods sold. ...
Journal proper is used in recording? ...
UCHENNA ENTERPRISES: Balance sheet as at 31st December, 1993 \(\begin{array}{c|c} & N & N &a...
Trading Account (Extract) .................N.............................N...... Opening stock.....
The process whereby a cheque received by one person is given to another is known as? ...