what is a contra entry how it is passed in journal and cashbook?
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Answer / basavaraj m jadegondar hangal
When Cash withdrawn from Bank
Cash A/c ........Dr
To Bank A/c
When Cash Deposited into Bank
Bank A/c.........Dr
To Cash A/c
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Answer / gangadhar
contra entry means the transaction posted at a time in the
cash book that is both debit and credit
example
1. cash withdrawn from the bank
2. cash deposited in bank
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / praveen kumar
contra entry means it is treats in cash book and pass book
two times
two conditions is apply this entry namely:
1. cash depositted into bank for office useand
cash a/c Dr
to Bank a/c
2. cash with draw from bank for office use......
Bank a/c Dr
cash a/c.
| Is This Answer Correct ? | 8 Yes | 15 No |
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