answersLogoWhite

0

What does red ink entry mean?

Updated: 8/17/2019
User Avatar

Wiki User

11y ago

Best Answer

it is a intrest which is calculated for the period starting from closing of accounting period to the date of maturity of the bill of exchange issued during accounting period. it is reversal entry

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What does red ink entry mean?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions