Answer / prince

contra entry is transfer entry betweem Cash & Bank And bank
to Bank

Answer / gaurav garg

Dear Sir/Madam

when a businessman deposit cash in bank or when withdraw
cash form bank than this entry go both ledger "cash ledger"
and "Bank Ledger".

If businessman deposit cash in the bank than cash ledger
will credit(Cr.) and Bank ledger will debit (Dr.). and

if businessman withdraw cash from bank than cash ledger will
Debit(Dr.) and bank ledger is Credit(Cr.) in Contra Voucher

contra entry (shortcut key press-F4 ) in tally software and
entre this entry in this contra voucher.

Answer / chetan

Contra entry means,

It is related with cash & bank,

1) cash deposited into the bank.

2) cash withdrawal from bank.

3) in case, company have account in two different bank,
company transfer cash or cheque from bank to bank.


above given example, are consist in the contra entry.

Answer / shekhar

contra entry effect in cash book.its effected in accounting
the entry will be posting two sides. this entry will be
attempted three situations.

Answer / triloksharma71

For example, cash of Rs. 5,000 is deposited into a bank. In
this transaction both bank account and cash account are
involved and they will be recorded on both sides of Double
Column cash book i.e. on the debit side in bank column and
on the credit side in cash column.

Answer / 99

betwn sub ledger and general ledgrer

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