JAMB Accounting 2008 Objective — Question 10

Question 10 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2008 Objective paper, with the correct answer and a full explanation.

An entry made in the bank in the column of the cash book to record movement of cash between the office and the bank is the

A. real entry
B. special entry
C. direct entry
D. contra entryCorrect

Explanation

When cash is owned from hand to bank and vice versa, such transaction is termed contra entry.

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.

Create free account

More questions from Accounting 2008 Objective More Accounting past papers