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WHAT IS MEAN BY CONTRA ENTRE? & WHERE IT IS USE.
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Answer / ppadmapriya p
Any transaction indicating transfer of fundns fromk cash
account to bank account bank account to cash account and
banki account to bank account recorded in the cash book is
a contra entry.
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / ravi
a entry in which transaction is done in such a way that both
bank and cash a/c are affected . for such entry dual a/c i.e
bank and cash should be compulsorily affected.
it is used in cash book.
| Is This Answer Correct ? | 6 Yes | 0 No |
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