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What is Contra Entry?

Answer Posted / ritesh baranwal

Contra entry is one which is recorded in the both side of
the Three column cash book by indicating capital 'C'in L.F
column. It is recorded only when on of the below entry is
happend. Such as
1. When cash deposited in to bank.
2. When cash withdrawl form bank.
3. also cash transfferance of cash to one bank to another
bank.

Is This Answer Correct ?    125 Yes 19 No



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