A double entry for a transaction that offsets one amount ...
A double entry for a transaction that offsets one amount against another on both sides of the cashbook is a
Original entry
Contra entry
Prime entry
Contract entry
Correct answer is B
Contra entry is used to offset amount or same transaction against another on both side of the cashbook.
$ Cash book balance (credit) 750 Uncredited chequ...
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\(\begin{array}{c|c} & N\\ \hline \text{Land and building} & 20,000\\ Stock & 5,000\\ \t...