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Answer Posted / rajni
CONTRA ENTRY EFFECTS THE BOTH BANK A.C & CASH A/C
1 when cash deposited into bank
BANK A/C ........DR
TO CASH A/C.........CR
2 when cash withdrawn form bank
CASH A/C........DR
TO BANK A/C........CR
3 transfer to another bank
OTHER BANK A/C .......DR
TO SELF BANK A/C....CR
| Is This Answer Correct ? | 6 Yes | 4 No |
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