i m unable to understand the contra entries
Dear Student, the solution of your this query is already covered (with examples) in the Study Material provided to you on our site. To view, follow the path provided below.
Accountancy--> Study Material--> Book-1 (named as Financial Statement Part-I)--> Chapter-4 (named as Recording of Transaction-II)--> Lesson-5 (named as Cash Book-Special Transactions)--> under the heading Contra Transactions.
We advice you go through it. It will help you a lot. However, if you still find any difficulty then specify the point related to your doubt with all its relevant details so that we can help you in the best possible way.
Accountancy--> Study Material--> Book-1 (named as Financial Statement Part-I)--> Chapter-4 (named as Recording of Transaction-II)--> Lesson-5 (named as Cash Book-Special Transactions)--> under the heading Contra Transactions.
We advice you go through it. It will help you a lot. However, if you still find any difficulty then specify the point related to your doubt with all its relevant details so that we can help you in the best possible way.