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Contra entry with example?
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Answer Posted / narasimha rao
THE DEBIT AND CEIEDT TRANSACTION ARE RECORDED IN OPPOSITS
SIDE IN THE CASH BOOK THAT IS CALLED CONTRA ENTRY
FOR EXAMPLE
CASH A/C DR
TO BANK A/C
BANK A/C DR
TO CASH A/C
CONTRA ENTRY IS ARISED ONLY ON TWO TIMES ONE IS CASH
WITHDRAWAL AND SECOND IS CASH DEPOSITS IN BANK
| Is This Answer Correct ? | 178 Yes | 36 No |
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