by: Admin_LouisPosted on:

Any transaction that is recorded twice in an account through a debit and a credit entry in the same account is called

Any transaction that is recorded twice in an account through a debit and a credit entry in the same account is called
Debit entry
Credit entry
Contra entry
Cash and bank entry

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  1. A statement sent periodically usually once a month by a seller to his customers, showing the position of their accounts up to a certain date
  2. One of the following is not an advantage of bank reconciliation statement
  3. Debts which in the opinion of management of an organization may not be fully recovered are called
  4. Cheques which have been issued for payment by a bank account holder but have not been presented for payment at the bank as at the date the bank prepared the bank statement are called

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