Interested to Buy Any Domain ? << Click Here >> for more details...
What is Contra Entry?
- 37 Answers
- 121959 Views
- Ferguson, RG Group, TCS, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / farhad khan afridi
contra entry is the entry which has effected both bank
account and cash account.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / binoy saha
Contra entry is very simple.Bank & Cash Account reletade.Use
only double & treble column book keeping system.Effect of
both side (dr.& cr.).These called Contra entry.
Such as : Cash deposit to bank tk 10000.00
Bank Account Dr.
Cash Account Cr.
This is Contra Entry.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / mukesh prajapati
when the transaction of the cash capital flows from one end
to another end as remain same but it is entered in both
side of the cash book due to flow;i.e cash to cash,cash to
bank transfer,bank to cash,bank to bank ,it is called
contra entry.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / gyan
Contra entry.This can be passed only in three column cash
book. Some transactions are recorded in three column cash
book.which relates to both cash & bank.That is called
contra entry this can be denoted by puttting 'C" on Both
the sides of the cash book.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / fredrick
its when some transactions of a three column cash book
affect one another in such a manner that an increase in one
will lead to an equal decrease in the other.this affects
cash and bank,when cash is deposited to the bank ,the bank
gains whereas the cash reduces by the same figure.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / a.santosh
which accounting entry is recorded on both the debit and credit side of the cashbook is known as the contra entry.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / shola
Is a transaction that appears dual (i.e appeared in two column)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / narasimha rao
THE DEBIT AND CREDIT ASPECTS ARE RECORDED OPPOSIT SIDE IN
THREE COLUMNS CASH BOOK TEHSE CALLED CONTRA ENTRY
IT IS ONELY ACCURED WHEN CASH DEPOSIT IN BANK OR WITHDRAW
FROM BANK
| Is This Answer Correct ? | 22 Yes | 23 No |
Do you take interview for Your Assistant at your field, yes so what is first Question
Describe the accounting principles
what are Miscellaneous expenses? where it posted ?give with example and why it is call miscellaneous expenses
What is difference between profit, revenue?
Revenue from sale of products is generally realized in the period in which 1.Cash is collected 2.When sale is made
Can I check my Vantage credit score range online?
What was the most chlleging task you face while working in SAP FI/MM and how did you solve?
What do you mean by Adjustment
are you in need of accounting interview book. pl ask me with your e-mail for free book
what is a reconcilation statement
Decrease in the amount of Debtors result in 1.Increase in cash 2.Decrease in Cash
what is debuntre
Audit 
