Question

what is contra entry in the bank coloumn cash book​

Answer 1

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Contra Transactions:

It should be noted that 'Contra' is a Latin word which means 'against'. By indicating 'C' against both sides of the cash book under the 'L.F. ' column, double entry aspect in respect of that transaction is completed and no further posting to ledger is required.❤️

Answer 2

Answer:

ur answer

Explanation:

contra entries are passed when

Cash is deposited into a bank by office: it is a payment by cash and receipt in bank. therefore,it is to be entered on the credit side of the cash book, in the cash column as "by bank" and on debit side in the bank column as "To cash".