Question

1) Contra Voucher is used for
a) Master Entry
b) Withdrawal of cash from bank
c) Reports
d) Credit Purchase​

Answer 1

Answer:

Explanation:

Contra in Latin means the opposite. It is more popularly known as contra voucher. To make the definition further simpler, any transactions involving a transfer of cash between one cash a/c to another or one cash a/c to another bank a/c or one bank account to another is called as a contra entry.

Answer 2

Answer:

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