i. The entry is recorded on both sides of the cash book. ii. Name the account which encourages personal savings.
Give a word/term or phrase for each of the following statement:
i. The entry is recorded on both sides of the cash book.
ii. Name the account which encourages personal savings.
iii. A note was issued by the buyer to the seller giving full details of goods returned.
iv. A note was issued by the seller on receipt of defective goods from the customer.
v. Name the bank account on which overdraft facility is given to the Account holder.
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i. Contra Entry
ii. Saving Account
iii. Debit Note
iv. Credit Note
v. Current Account
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