What is contra entry?




Answers were Sorted based on User's Feedback



What is contra entry?..

Answer / jagdish

the transaction from bank to cash and cash to bank is
called contra entry

Is This Answer Correct ?    52 Yes 0 No

What is contra entry?..

Answer / rabindra kumar mallick

The entry directly inter related to both cash & bank i.e.
Cash deposited & withdrawn from bank, Funds transfered from
one bank to Another bank.

Is This Answer Correct ?    22 Yes 2 No

What is contra entry?..

Answer / pradnya

Contra entry includes following transactions :
1) Cash to Cash
2) Bank to Bank
3) Cash to Bank
4) Bank to Cash

Is This Answer Correct ?    23 Yes 5 No




What is contra entry?..

Answer / swetha

this can be seen in three column cash book when the
transaction happen between company cash and bank.

ex:company deposited cash in bank

Is This Answer Correct ?    10 Yes 0 No

What is contra entry?..

Answer / sarada

As per accounting rules, contra entry is a transaction
indicating transfer of funds from
Cash account to Bank account.
Bank account to Cash account.
One Bank account to another Bank account.
One Cash account to another Cash account.

Is This Answer Correct ?    11 Yes 2 No

What is contra entry?..

Answer / thakor

contra entry means the entry in which effect came in to
cashbook and in bank only

Is This Answer Correct ?    9 Yes 1 No

What is contra entry?..

Answer / vinay kumar . pagidikondala

which accounting entry recorded on both sides of the cash
book ( Debit side & Credit side) of the cash book is known
as Contra entry.
Contra entry will come on the picture only when
cash deposited at bank or cash withdrawn from the bank.

pvinay0910@gmail.com

Is This Answer Correct ?    7 Yes 0 No

What is contra entry?..

Answer / deepak

We can see contra entry in three coloumn cash book when
transaction are made between a company or firm and bank.

Ex: cash draw in bank by company or firm

Is This Answer Correct ?    6 Yes 1 No

What is contra entry?..

Answer / varun

contra entry means both side related translation cash to bank bank to cash that is also called contra

Is This Answer Correct ?    1 Yes 0 No

What is contra entry?..

Answer / naresh kumar

contra entry is an entry were it is effected in two sides
of accounts i.e. in bank book as well as cash book. it will
b like cash to bank, bank to cash.

Is This Answer Correct ?    0 Yes 0 No

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