Which of the following is a transaction of contra entry?

Question:

Which of the following is a transaction of contra entry?

A.

Sale goods to Y 12,500

B.

Godown rent 7,000 paid by cheque.

C.

Received 12,000 in full settlement of 12,500

D.

Cash deposited to bank 9,000.

Answer» d. Cash deposited to bank 9,000.

Note: The above multiple-choice question is for all general and Competitive Exams in India

In case of, deposited of c heque into bank but not collected, the balance is less as per________________.

Question:

In case of, deposited of c heque into bank but not collected, the balance is less as per________________.

A.

Cash book

B.

Pass book

C.

Pass book overdraft

D.

Both (A) and (B)

Answer» b. Pass book

Note: The above multiple-choice question is for all general and Competitive Exams in India