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Contra entry with example?
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Answer / nilam mishra
Contra Entry Means Transetion For Bank to cash and cash to
bank
| Is This Answer Correct ? | 37 Yes | 2 No |
Answer / shamika
CHEQUE DEPOSITED IN BANK A BY BANK B.
A BANK A/C Dr.
To B BANK A/C.
| Is This Answer Correct ? | 33 Yes | 3 No |
Answer / seema tambe
WHENEVER CASH WITHDRWAL FROM BANK OR CASH DEPOSITED TO BANK
OR IF ONE ENTRY AFFECTS TOW ACCOUNT THEN CONTRA IS APPLICABLE.
FOR EG :- CASH WITHDRAWAL FROM BANK RS. 5,000/-
ANS :- CASH A/C ________DR. 5,000/-
TO BANK A/C 5,000/-
| Is This Answer Correct ? | 31 Yes | 3 No |
Answer / nitesh
cash deposit in bank 10000
bank a/c dr 10000
cash a/c 10000
| Is This Answer Correct ? | 18 Yes | 1 No |
Answer / prakash
When you receive any cash against sale of any goods.You need
to make contra entry in your A/C system like.
Dr to cash A/C Or Party A/C
Cr to cash sales
one more entry you need do when you deposit cash in bank
Cr to cash A/C or Party A/C
Dr to Bank A/C
| Is This Answer Correct ? | 18 Yes | 6 No |
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