BECE Business Studies 2022 Objective — Question 47
Question 47 of 119 from the Basic Education Certificate Examination (Junior WAEC) (BECE) Business Studies 2022 Objective paper, with the correct answer and a full explanation.
Advertisement
When cash is withdrawn from the bank account for office use, this can also be referred to as ______ transaction.
- A. contra entryCorrect
- B. credit cash
- C. debit bank
- D. double column
- E. single column
Explanation
When both sides are in the cash book (cash and bank), it is a contra entry.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.