Contra A/C

This query is : Open

shabbir (Querist)
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01 June 2009 Dear All,
can any one explain me what is contra A/C and what type of transaction is to be passed in this a/c.(answer will be highly appreciated)

thanks
regards,
shabbir

Guest

Guest (Expert)

02 June 2009 Mr.Shabbir ,

Following are the transactions which are effected through CONTRA VOUCHERS.

IN THE BOOKS OF XYZ.

1. Cash Deposited Into The Bank. ( XYZ-BOOKS )
2. Cash Withdrawn From The Bank. ( XYZ-BOOKS )
3. Amounts Transferred From One Bank To Another. ( XYZ-BOOKS.)
4. Cash From Ond Cashier To Other.( XYZ-BOOKS )

Please note above.

THANKS.

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