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In reconciling the branch and head office accounts, remittance in transit in the branch ...

In reconciling the branch and head office accounts, remittance in transit in the branch books is treated as a?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Debit entry
  • B Credit entry
  • C Contra entry
  • D Reversal entry
Correct Answer: Option C
Explanation:

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