Accountancy, asked by rr2897395, 4 months ago

Which two accounts are involved in contra entry? ​

Answers

Answered by Anonymous
1

cash account to bank account

.....and vice versa

Answered by 12Lucy
0

Answer:

between cash and bank account

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

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