What s mean contra posting?

As per the Accounting Principles, a Contra entry is a transaction involving transfer of cash between one Cash A/c to another (e.g. main cash to petty cash )or one Cash A/c to another Bank A/c i.e., is a transaction indicating transfer of funds from.

• Cash account to Cash account
• Cash account to Bank account
• Bank account to Cash account
• Bank account to Bank account