contra voucher



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are the terms contra voucher and contra entry one and the same? can they be used interchangeably?

1 Answer(s)


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THE TERMS CONTRA VOUCHER AND CONTRA ENTRY ONE AND THE SAME AND CAN THEY BE USED INTERCHANGEABLY BECAUSE YOU CAN USE CONTRA VOUCHERS TO POST CONTRA ENTRY TRANSACTION THAT AFFECT BOTH THE BANK AND CASH ACCOUNTS.
FOR EXAMPLE, WHEN YOU WITHDRAW CASH FROM THE BANK, YOU CAN USE A CONTRA VOUCHER TO POST THE DEBIT AND CREDIT ENTRIES TO THE CASH AND BANK ACCOUNTS