Question on: JAMB Accounting - 2024

The term "set off" in control account is also called:

A

brought forward

B

contra entry

C

direct transfer

D

bad debt

Ask EduPadi AI for a detailed answer
Correct Option: B

The term “set off” in control accounts is also called a contra entry. This occurs when debit and credit balances are offset against each other between related accounts.

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