An entry which is made on both sides of a cash book is called
A. Cash entry
B. Contra entry
C. Payment entry
D. Compound entry
Answer: Option B
Solution(By Examveda Team)
An entry which is made on both sides of a cash book is called Contra entry. In the dual entry accounting system, a Contra Entry is an entry which is recorded to reverse or offset an entry on the other side of an account. If a debit entry is recorded in an account, it will be recorded on the credit side and vice-versa.This Question Belongs to Commerce >> Accounting
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