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what is a contra entry how it is passed in journal and
cashbook
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Answer Posted / vijay bhaskar reddy(vijji_tv@y
It is the entry which effected the both sides in cash book.
It is occured in three times, i.e., 1.Cash deposited in to
bank, 2.Cash withdrawn from the bank for office use, and
3.Receivable cheque deposited in to the bank in another day.
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