Transaction recorded both on debit and credit side of cash book is known as contra entry.

Explanation

True,
In money book, money transactions (transactions touching take advantage hand) area unit recorded within the money column and bank transactions (transactions touching money at bank) area unit recorded within the bank column. On the accounting , receipts of money and checks area unit recorded, that is, things that increase the money balance or the bank balance. On the method of accounting, payments of money and checks area unit recorded, that is, things that decrease the money balance or the bank balance . A contra entry within the money book is one that doesn't need more entries in alternative ledger accounts. this can be as a result of for the given dealing, each entries area unit created within the money book itself, the dealing touching each the brokerage account and therefore the checking account. dealing recorded on each debit and method of accounting of money book is thought as contra entry.