Answer / g.nagarjuna

Contra entry :
As well as in journal entries
1.Bank a/c dr
To Cash a/c
2. Cash a/c dr
To Bank entry
The both entries is call d as contra entries

Answer / sridharan

As per the Accounting Principles, a Contra entry is a transaction involving transfer of cash between one Cash A/c to another or one Cash A/c to another Bank A/c i.e., is a transaction indicating transfer of funds from Cash account to Cash account

Cash account to Bank account
Cash account to Cash account

Cash account to Bank account

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