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what is contra entry . plz explain with example.
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Answer / naga lakshmi
contra entry means it is both cash&bank transactions.
example:1)cash deposited into bank
2)cash withdrawn from bank
| Is This Answer Correct ? | 47 Yes | 6 No |
Answer / jayanta roy
In a single transaction where both Bank a/c and Cash a/c are involved,it is a case of contra entry.
E.g: CASH DEPOSITED INTO BANK
BANK A/C....DR
TO GASH A/C
WITHDRAWN CASH FROM BANK
CASH A/C.....DR
TO BANK A/C
| Is This Answer Correct ? | 19 Yes | 4 No |
Answer / manoj babu
its is combination of mutiple enteries to sa single entry
where both will appear in debit and credit account
| Is This Answer Correct ? | 15 Yes | 8 No |
Answer / suresh dhami
A Contra Entry is related to cash & bank
For E.g.
1. Cash Deposited Into bank
2. Cash withdrawn from bank for business purposes
3. Inter bank Transaction.
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / divyagirantla1995@gmail.com
Contra entry is called in two entries 1 cash depasited into bank 2cash with draw from bank
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / gourab mistri
BANK TO BANK
CASH TO CASH
BANK TO CASH
CASH TO BANK
| Is This Answer Correct ? | 8 Yes | 10 No |
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