Business Studies, asked by njpyhshakya6052, 10 months ago

What do you understand by contra-entry?

Answers

Answered by Anonymous

Answer:

Contra entry refers to transactions involving cash and bank account. In other words, any entry which affects both cash and bank accounts is called a contra entry. Contra in Latin means the opposite. ... Cash account to Bank account. Bank account to Cash account.

Answered by nithinneelsoul

Answer:

entring the two persons a/c in one book

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