Contra entry with example?
- 40 Answers
- 213282 Views
- Industrial Power Supplies, PVS Advertising, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ibrahim saheed
It means when dias is
casaulity in both the
double entry.........e.g
Cash paid in bank?
Effect on both side
Cr:bank under Cash a/c
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / raj shekar dk
My question is When we deposite cash As a capital then it considered as a
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / pranav dixit
contra entry is an entry which involves both cash and bank . such transactions are recorded in cash book are but not posted in ledger accounts . example - cash deposited into bank , cash withdrawn from bank .
Bank a/c dr 5000
To cash a/c 5000
(Being cash deposited into bank )
cash a/c dr 5000
To bank a/c 5000
(Being cash withdrawn from bank )
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / anirban barman
When a transaction is effected by both cash as well as bank is called contra entry.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / rajesh
Cash a/c dr
To bank
Because own business but my money increased or bank decrease accatuly entry is a contra entry
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / rakesh gupta
Cash A/c Dr.
To Bank A/c
And
Bank A/c Dr.
To cash A/c
It is contra entry
| Is This Answer Correct ? | 1 Yes | 0 No |
Why Banking companies didn't show EBIT in income statement?
2 Answers State Bank Of India SBI, TATA,
What is the Limitation of LTC expenses? or Dedcution allowed in a year.............
What is Liquidity
Expand------AAIFR
what is ment by memorandom of association?
14 Answers Capital IQ, Nestle,
WHAT R THE POTENTIAL EUITY SHARES
How do the accounting standards facilitate the work of accountants?
How long are you working as thise field? Why did you choose to make your career in thise field?
We are a education institute based in chennai.if i purchase a product in chennai and i transfer it to our branch which is in bangalore. we don't have tin nos,Sales tax nos, cst nos. We have only service tax nos. what is the procedure.
lis and explain the parties involved when a cheque is issued
Why we reconcile our debtors? what steps we taken during reconciliation.
Short Answer on _________Accounts Receivable
Audit 
