Accountancy, asked by daizysahu14, 5 months ago

what is contra entries ? How are they recorded​

Answers

Answered by Jasminesamson
4

Explanation:

A contra entry is recorded when the debit and credit affect the same parent account and resulting in a net zero effect to the account. These are transactions that are recorded between cash and bank accounts.

Hope this helps you

Answered by manishanahar704
1

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