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Contra entry with example?
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Answer Posted / seema tambe
WHENEVER CASH WITHDRWAL FROM BANK OR CASH DEPOSITED TO BANK
OR IF ONE ENTRY AFFECTS TOW ACCOUNT THEN CONTRA IS APPLICABLE.
FOR EG :- CASH WITHDRAWAL FROM BANK RS. 5,000/-
ANS :- CASH A/C ________DR. 5,000/-
TO BANK A/C 5,000/-
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