Challenger App

No.1 PSC Learning App

1M+ Downloads
Contra entry means

AOpposite entries

BMaking entries of the debit and credit of a transaction in two accounts

CMaking entries of the debit and credit of a transaction in two sides of the same book

DAll these

Answer:

C. Making entries of the debit and credit of a transaction in two sides of the same book


Related Questions:

Introduction is not necessary in which of the following cases :
Income and expenditure account is a .......... account.
The balance of liability in a balance sheet of a co operative society is calculated as _________
When loans and advances are given the relationship of bank with customer is :
Demand and time liabilities for the purpose of CRR and SLR will include :