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Bank a/c....Dr.
To Debtor's A/c
Is this journal entry a contra entry?
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Answer Posted / veena
No this is not a contra entry this is a receipt entry
In contra we have to enter only the transaction between owner and the bank for example
withdraw from the bank, deposit to bank to his account
but debtor's is a third party to bank
| Is This Answer Correct ? | 11 Yes | 3 No |
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