Question

Which two accounts are involved in Contra Entry ? ਕੌਂਟ੍ਰਾ ਐਂਟਰੀ ਵਿੱਚ ਕਿਹੜੇ ਦੋ ਖਾਤੇ ਸ਼ਾਮਿਲ ਹੈ ? कॉन्ट्रा एंट्री में कौन से दो खाते शामिल हैं ? *
A. Cash and Discount. ਨਕਦ ਅਤੇ ਛੂਟ I नकद और डिस्काउंट
B. Cash and Bank ਨਕਦ ਅਤੇ ਬੈਂਕ I नकद और बैंक I
C. Bank and Discount ਬੈਂਕ ਅਤੇ ਛੂਟ I बैंक और छूट I
D. Cash and any other Account ਨਕਦ ਅਤੇ ਕੋਈ ਹੋਰ ਖਾਤਾ। नकद और कोई अन्य खाता​

Answer 1

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. It is more popularly known as contra voucher.

To make the definition further simpler, any transactions involving a transfer of cash between one cash a/c to another or one cash a/c to another bank a/c or one bank account to another is called as a contra entry.

Answer 2

Answer:

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.

Explanation:

B one is right

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