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Contra-entries are passed only when

This question belongs to Commerce Accounting
Accounting
?

Contra-entries are passed only when

Answer & Solution
Correct Answer: Option A
Contra-entries are passed only when Double column cash book is prepared. The reason for making two entries is to comply with the principle of double entry.
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4 Comments
Ghulam Hassan
Ghulam Hassan 2 years ago
Correct option is B..
as Contra-entries are passed only when Three column cash book is prepared.
Gulrez Tawar
Gulrez Tawar 3 years ago
B
Bogi Venkatesh
Bogi Venkatesh 8 years ago
As per NCERT 11th standard books, option A is correct.
As per ICAI CA CPT books, Option B is correct.


If you are writing any central level competitive exam, it is better to follow NCERT Answer
Boorla Srilatha
Boorla Srilatha 8 years ago
Option b is correct
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