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Contra entry with example?
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Answer / ibrahim saheed
It means when dias is
casaulity in both the
double entry.........e.g
Cash paid in bank?
Effect on both side
Cr:bank under Cash a/c
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Answer / raj shekar dk
My question is When we deposite cash As a capital then it considered as a
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Answer / pranav dixit
contra entry is an entry which involves both cash and bank . such transactions are recorded in cash book are but not posted in ledger accounts . example - cash deposited into bank , cash withdrawn from bank .
Bank a/c dr 5000
To cash a/c 5000
(Being cash deposited into bank )
cash a/c dr 5000
To bank a/c 5000
(Being cash withdrawn from bank )
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Answer / anirban barman
When a transaction is effected by both cash as well as bank is called contra entry.
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Answer / rajesh
Cash a/c dr
To bank
Because own business but my money increased or bank decrease accatuly entry is a contra entry
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Answer / rakesh gupta
Cash A/c Dr.
To Bank A/c
And
Bank A/c Dr.
To cash A/c
It is contra entry
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