Accountancy, asked by samyakbharilya3385, 9 months ago

Which of the following is recorded as Contra entry

Answers

Answered by rinkurajpurohit2947

Answer:

Debit and credit aspects of a single transaction are entered in the same account but in different columns. Each entry, in this case, is viewed as a contra entry of the other. Remember the word contra as “Against” or “Opposite”.

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