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What is countra entry

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What is countra entry
  • 3 answers

Jasdeep Kaur 2 years ago

An entry in cash books which effects Boht bank and cash column i.e., increase in one and decrease in other
Combined entry of cash and bank a/c with both balances(debit and credit )it is known as contra entry Ex:-cash deposited in Bank Cash withdrawn from Bank
Contra entry is a combined entry
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