Question

bank to bank transfer , cash withdrawal ,cash deposit, why use this all transactions only contra entries? ​

Answer 1

Answer:

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:

these all transactions are contra entries because it affect cash A/c and bank A/c in the same transactions.