Accountancy, asked by rmdular197, 8 months ago

which two account are involved in contra entry

Answers

Answered by s15129apurnachand171
26

Answer:

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.

Explanation:

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Answered by HARSHITHA292004
2

Answer:

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