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Answer Posted / h.r. sreepada bhagi
Contra entry is passed to effect transactions in Cash & bank
Book whenever there is cash withdrawal from or cash deposit
to the bank.
In case of transfer of funds between 2 bank accounts or 2
separate cash accounts (like Imprest Cash Account & main
Cash A/c) Contra entry can be passed.
| Is This Answer Correct ? | 6 Yes | 2 No |
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