Prof. Bush had two accounts with Olive Brother agreed to have only one balance outstanding….

Accounts - Principles of Accounts WAEC 1990

Prof. Bush had two accounts with Olive Brother agreed to have only one balance outstanding. By which of the following methods could this be effected?

  • Journal entry
  • double entry
  • suspense account entry
  • adjustment entry
  • contra entry checkmark

The correct answer is: E

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