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A double entry for a transaction that offsets one amount against another on both...


Question

A double entry for a transaction that offsets one amount against another on both sides of the cashbook is a

Options

A)
original entry
B)
contra entry
C)
prime entry
D)
contract entry

The correct answer is B.

Explanation:

contra entry is used to offset amount or same transaction against another on both side of the cashbook

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