What is a contra entry
Answers were Sorted based on User's Feedback
Contra entry is one which is recorded in the both side of
the Three column cash book by indicating capital 'C'in L.F
column. It is recorded only when on of the below entry is
happend. Such as
1. When cash deposited in to bank.
2. When cash withdrawl form bank.
| Is This Answer Correct ? | 26 Yes | 0 No |
Answer / n.upendra
Which accounting entry is recorded both sides (Debit and
Credit)of cash book that is called as contra entry i.e
1.Cash deposit in bank
2.Cash with draw from bank
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / ghanshyam roy
contra entry for only self co. transaction for cash and
bank. i.e
1. cash withadral from bank
2. cash deposit in the bank
3 transfer from one bank a/c to another banka/c
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / rajesh jain
There are four type entry will be done..
1> B2B (Bank to Bank Transaction)
2> B2C (Bank to Cash " )
3> C2B (Cash to Cash " )
4> C2C (Cash to Cash " ){petty cash)
| Is This Answer Correct ? | 1 Yes | 0 No |
credit rating
cost of lease=20,000.refundable deposits 2000 (after 4 years).annuity value for 4 years @5% is .2820.find the net charge to p&l a/c
what is basic general accounting.
2 Answers Helios Pharmaceuticals,
does deposit fall under current assets ?
If a builders work is incomplete.Then what entry will be passed by him on closing of accounting year i.e 31st march In P&L A/c and Balance sheet
what is red ink interest
1 Answers ICAI, NTTF Nettur Technical Training Foundation, Wipro,
Suppose A company is giving salary to its employees on 10th of every month. So on which date the salary payable entry will be passed/due also tell what will be the general entry for salary payable
3 Answers Enrich, Wells Fargo,
What does the abbreviation m mean in accounting?
what is the due date of 28th feb
what is a state cheque? how it differes from stale cheque?
What are the differences among band,debenture and share ?
Explain fictitious assets?