Multiple choice

Which is not Contra entry in three column cash book?

  1. Cash deposited into bank

  2. Cash withdrawn from the bank

  3. Cash withdrawn from the bank for personal use

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Contra entries in a three-column cash book are transactions that involve both cash and bank accounts, recorded on both sides. Cash withdrawn for personal use is NOT a contra entry because it's only recorded on the payment side (bank column) and doesn't have a corresponding cash receipt.

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