passwella.
Menu

WAEC Financial Accounting 2019 Question 2

Question 2

Cash Book

When the letter "C" is written in front of an entry in the folio column of a cash book, it shows a

  1. A.double entry.
  2. B.cash entry.
  3. C.contra entry.
  4. D.journal entry.
Show the answer and explanation

Answer: C (contra entry.)

Explanation

'C' marks a contra entry, with both sides in the cash book.