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what is Contra Entry?
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Answer / s.kumuda
If a transaction requires entries on both the debit and
credit sides simultaneously, it is called 'Contra entry'
| Is This Answer Correct ? | 29 Yes | 2 No |
Answer / nimmasudhakar reddy
if transaction has to entry both sids like that debit and
credit it's called cantra entry .For example cash deposited
in sbi bank .2. cash withdraw from bank. these statments
have to entry both sides
| Is This Answer Correct ? | 28 Yes | 2 No |
Answer / priyanka
Contra entry is one which is recorded in the both side of
the Three column cash book by indicating capital 'C'in L.F
column. It is recorded only when on of the below entry is
happend. Such as
1. When cash deposited in to bank.
2. When cash withdrawl frOm bank.
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / priyanka
Contra entry is one which is recorded in the both side of
the Three column cash book by indicating capital 'C'in L.F
column. It is recorded only when on of the below entry is
happend. Such as
1. When cash deposited in to bank.
2. When cash withdrawl frOm bank.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / sekhar reddy
one day two transactions in bank and cash book both cridit
and debit side of the three colum cash book.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / kiran
Contra Entry is transactions between Cash & Bank. e.g.If we
withdraw money from bank, it's accounting entry will be "
Cash A/C ...DR. XXX
To bank A/C CR. XXX.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / ramana
contra entry means it is a entry to done the transactions
same date. that means cash withdrawn from the bank and
deposited in the same date in the same bank or another bank.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / kulwant singh
Contra Entry: Bank to bank, cash to cash ,cash to bank ,
bank to cash all entry made in contra.
| Is This Answer Correct ? | 3 Yes | 1 No |
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