CIMA Fundamentals of financial accounting BA3 Question # 92 Topic 10 Discussion

CIMA Fundamentals of financial accounting BA3 Question # 92 Topic 10 Discussion

BA3 Exam Topic 10 Question 92 Discussion:
Question #: 92
Topic #: 10

A contra entry is best described as:


A.

An entry made between two customers in the sales ledger


B.

An entry made between two customers in the purchase ledger


C.

An entry made to set off the balances of the same account within the sales ledger and the purchase ledger


D.

An entry made to balance the control account


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