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what is contra entry . plz explain with example.

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what is contra entry . plz explain with example...

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2)cash withdrawn from bank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

what is contra entry . plz explain with example...

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WITHDRAWN CASH FROM BANK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

what is contra entry . plz explain with example...

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

what is contra entry . plz explain with example...

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 Cash withdrawn from bank for business purposes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

what is contra entry . plz explain with example...

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

what is contra entry . plz explain with example...

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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