أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
Yes, contra voucher is used only to post cash to bank and reverse entries.
Contra entries are used in accounts for Recording transactions of Bank and Cash.
Example Cash deposited to Bank, Cash withdrawn from Bank, transfer of funds from one bank to another bank.
As per the Accounting Principles, a Contra entry is a transaction involving transfer of one cash/ bank account between another Cash/Bank AC.