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What is Contra Entry?

Answer Posted / sridharan.v

Contra entry.This can be passed only in three column cash
book. Some transactions are recorded in three column cash
book.which relates to both cash & bank.That is called
contra entry this can be denoted by puttting 'C" on Both
the sides of the cash book.

Is This Answer Correct ?    31 Yes 23 No



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