How do you post a contra entry item?

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What is contra entry?
Posted by:
Vrushali Dixit Dixit
10-September-2017

Accounting Accounts Payable Accounts Receivable General Ledger Bookkeeping

Question added by JULIUS MURE MWARO , ACCOUNTANT , said abeid said & co.
Date Posted: 2015/10/12

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1 Answers

ochan elias benard

by ochan elias benard , accounts assistant , euroflex limited

we post the contra entries only when we are transferring cash A/c to another cash A/c, or from cash To Bank A/c.

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