WAEC Accounting 2019 Objective — Question 2

Question 2 of 50 from the West African Examinations Council (WAEC) Accounting 2019 Objective paper, with the correct answer and a full explanation.

When the letter "C" is written in front of an entry in the folio column of a cash book, it shows a

A. double entry
B. cash entry
C. contra entryCorrect
D. journal entry

Explanation

When the letter "C" is written in front of an entry in the folio column of a cash book, it shows a contra entry (an entry involving both the cash and bank columns of the cash book).

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