what is the difference between journal voucher and contra
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Answer Posted / ovenkat4
journal voucher is the voucher in which all the adjustment
related entries and non cash non bank transactions are entered
in journal eg-dep, some of them book the bills in journal and
while they make a payment they record in payment eg-contractor
bill
contra appears two times in two sides of a account an account
will be treated as contra when, cash deposited in bank, cash
with drawn from bank for office use, cheque deposited in bank,
cheque withdrawn for office use, transfer from one account to
another account
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