Bello withdraws cash from bank to office, this is called ...
Bello withdraws cash from bank to office, this is called ---------- entry
Credit
Contra
Double
Debit
Correct answer is B
Contra entry is an entry which is recorded to reverse or offset an entry on the other side of an account. If a debit entry is recorded in an account, it will be recorded on the credit side and vice-versa.
The measure of a company's ability to pays its debts quickly is called ...
On the 30/5/93 Tolu & Co. paid 2 years rent of N50,000 which was debited to the rent account.&nb...
Net profit of a sole proprietor is transferred to the ...
A book that contains individual accounts of suppliers is the ...
Profit expressed as a proportion of cost price is known as ...