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what is a contra entry how it is passed in journal and cashbook?
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Answer Posted / praveen kumar
contra entry means it is treats in cash book and pass book
two times
two conditions is apply this entry namely:
1. cash depositted into bank for office useand
cash a/c Dr
to Bank a/c
2. cash with draw from bank for office use......
Bank a/c Dr
cash a/c.
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