The lodgement of business cash into the business bank account is an example of

The lodgement of business cash into the business bank account is an example of a contra entry. A contra entry is a type of accounting entry where two opposite transactions are recorded in order to make adjustments to the ledger accounts. In this case, the lodgement of cash into the business bank account is an increase in the bank account balance, and a corresponding decrease in the cash account balance. These two opposite transactions are recorded in the ledger accounts to accurately reflect the change in the financial position of the business. It's important to note that a contra entry is not the same as a reversal entry, which is an accounting entry made to reverse a previously recorded transaction.