rohitramdam76 rohitramdam76

12-04-2021
English

contestada

what is contra entry? explain with an example.

Respuesta :

rhand1229 rhand1229

12-04-2021

Answer:

Contra entries are those entries in which same account can be debited and credited in a contrary situation. For example, we debit bank account when depositing cash, when at the same time we credit bank account when withdrawing money from bank.

Explanation:

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