Four example of contra entry
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1.Cash received from debtors and Deposited into bank.
2.Cash withdrawn from bank for office use.
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Answer:
1. CASH WITHDRAL FROM BANK
2. CASH DEPOSITED IN BANK
3. TRANSFER OF PROFIT IN CAPITAL ACCOUNT
4. TRANSFER OF PARTNER A/C BAL TO OTHER PARTNER A/C
Explanation:
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