In reconciling the branch and head office accounts, remittance in transit in the branch books...
FINANCIAL
JAMB 2005
In reconciling the branch and head office accounts, remittance in transit in the branch books is treated as a?
- A. debit entry
- B. credit entry
- C. contra entry
- D. reversal entry
Correct Answer: C. contra entry
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *