Multiple choice general knowledge

If an entry appear both side of the accounts. what does it called as?

  1. Double Entry

  2. Multiple Entry

  3. Contra Entry

  4. Single Entery

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A contra entry appears on both debit and credit sides of the same account. Common examples include cash deposited into bank (debit bank, credit cash) and cash withdrawn from bank (debit cash, credit bank) when maintaining a cash book with bank column. Double entry is the system, not a specific entry type. Single entry is an incomplete system.