Home » Accounts (Principles of Accounts) » When both debit and credit entries in respect of a transaction are made in the…When both debit and credit entries in respect of a transaction are made in the… When both debit and credit entries in respect of a transaction are made in the same ledger account, this is A. a ledger entry B. an accounting entry C. a folio entry D. a contra entry Correct Answer: Option D Explanation Related Posts Use the following information to answer the question (begin{array}{c|c} & Ade & Bola\ & N… The similarities between Receipts and payments and income and expenditure account is Which of the following accounting records are source documents? Use the information above to answer questions 19 and 20. July 30 Closing stock 100… A component of an overhead manufacturing cost is? Which of the following is not a liability?
