Answers were Sorted based on User's Feedback
Answer / jagdish
the transaction from bank to cash and cash to bank is
called contra entry
|Is This Answer Correct ?||51 Yes||0 No|
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Cash deposited & withdrawn from bank, Funds transfered from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 ?||21 Yes||2 No|
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 ?||22 Yes||5 No|
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|
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|
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|
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cash deposited at bank or cash withdrawn from the bank.
|Is This Answer Correct ?||7 Yes||0 No|
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|
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|
What is an asset, an expense, a liability, revenue and equity?
what are the document that get created in procurement to pay process ?
If a consultant charged his fee n receive so can i pass the journal entry n how i can i maintain bal sheet
What is the difference between issued capital and subscribed capital?
What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,
exchanged old furniture for new,the value of old furniture was rs 350 while the vaue of new furniture was rs 900 balance paid in cash what will be the journal entry according to you
WHAT DIFF.BETWEEN CAPITAL EXPENDITURE AND CAPITAL REVENUE?
What will be the journal entry for good lost by fire. How many entries will be passed in the books of account for the same.
In South Africa, the value added tax is administered by?
WHAT IS NPF IN ACCOUNTS. AN ENTRY IN BANK STATEMENT" NPF SOME NAME XXXX DR SIDE" PLEASE ANSWER WHAT IS NPF?
In which side Investment is comes In Balence shhet ?
In the income statement we may get profit or loss but the name of the statement was Profit and Loss account Why it was so?