Answer / praveen kumar

contra entry is use in two conditions only cash with drawn
from bank for office use only

2. cash deposited in to the bank for office use only

Answer / k k ganguly

Conta is Entry Which is use that time when Cash Withdrow or
Deposited into bank. its passed on the time of cash
withdrow cash book is dr & Bank a/c is Cr Simple

Answer / balaji

contra entry is one where there has to be two corresponding entries for one transaction. when cash is deposited into bank, bank balance increases and cash balance decreases. in a multi column cash book, two corresponding entries has to be passed.

Answer / srinivas annavarapu

Contra entry is that where there will not be any effect in
TB.

For ex: Cash of Rs.1000/- deposited in Bank
in this case cash balance is decreased by Rs1000/- and at
the same time Bank balance is increased by Rs.1000/-. As
such there is no difference in your liquid balance.

Answer / vijay bhaskar reddy(vijji_tv@y

It is the entry which effected the both sides in cash book.
It is occured in three times, i.e., 1.Cash deposited in to
bank, 2.Cash withdrawn from the bank for office use, and
3.Receivable cheque deposited in to the bank in another day.

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