Saved Bookmarks
| 1. |
What is contract entry |
|
Answer» Contra entry is a entry which effect both side of Cash book debit side and credit side Contra entry is those entry which is two entries for a cash and bank example :- cash deposite into bank contra entry is usually performed in ledger. Suppose u have prepared any two a/c in ledger (`cash bank) and while posting from journal entry if these two accounts have together dr or cr then contra entry must be performed. |
|