P1 C7 Cash Book And Its Types — Account STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceAccountP1 C7 Cash Book And Its Types1 Mark
Question
Why $‘C’$ is written in the $L.F.$ No. column for contra transaction?
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Answer
When contra transaction is recorded in the cash book, word $‘C’$ (Contra) is written in the $L.E$ No. column of cash book on the both the side, which indicates that positing of this transaction is not to be done.
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