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2)cash withdrawn from bank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
TO GASH A/C
WITHDRAWN CASH FROM BANK
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
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 Cash withdrawn from bank for business purposes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 / 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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