Interested to Buy Any Domain ? << Click Here >> for more details...
what is Contra Entry?
- 9 Answers
- 15624 Views
- Capital IQ, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 that means cash withdrawn from the bank and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 |
WHAT IS DIFFERENCE BETWEEN TDS AND TCS?
What is the difference between equity shares & preferred shares?
10 Answers eClerx, JPMorgan Chase, Patni,
What are the main things to see which making a Balance Sheet ??
what is cc limit and what role accountant play to maintain it?
Expand ________FOR
What is Letter of Credit?
Choose the right answer Which of the following is the Asset account 1.Accounts receivable 2.accounts Payable 3.Customer Deposit
What is Mortgage & Mortgage loan
15 Answers First Indian Corporation, Wells Fargo,
what is meant by factorising
What is the concept of Loan against Shares (LAS) & ALBM?
what is the system of accounting and banking in cooperative bank?
why do you want to work here?
Audit 
