Answer / s.kumuda

If a transaction requires entries on both the debit and
credit sides simultaneously, it is called 'Contra entry'

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

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.

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.

Answer / sekhar reddy

one day two transactions in bank and cash book both cridit
and debit side of the three colum cash book.

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.

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 that means cash withdrawn from the bank and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.

Answer / sk pasha

if we receive some cash from parties thereon this cash
deposit same day or self cheques issue for cash withdrawal
or bank to bank transfers like RTGs cheques which is all
posted under " contra Entry ".

Answer / kulwant singh

Contra Entry: Bank to bank, cash to cash ,cash to bank ,
bank to cash all entry made in contra.

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