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 ?||52 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Cash deposited & withdrawn from bank, Funds transfered from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 ?||22 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 ?||23 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cash deposited at bank or cash withdrawn from the bank.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|
why dr is on left hand side while cr is on right hand side?
Rs. 30,000 salary due to manager, but not paid. what will be the journal entry for this transaction?
PURCHASE AN OFFICE BUILDING FOR RS 1,50,000 IN CASH. THE BUILDING IS VALUED AT RS 1,10,000 AND REMINDER OF THE VALUE IS ASSIGNED TO LAND. WHAT WILL BE THE JOURNAL ENTRY
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What is the present Central sales tax rate in India? Also let me know the maxium and minium sales tax rate in India. If the VAT rate changed of any state what will be the impact of CST.
what stock transfer applicable in sister concern unit.
What is accumulated depriciation
bonus provision entry
When did Bonus shares issued?
In our company we are making payment through X bank and again we opened a new account in Y bank and we deposited cash in this bank rs.10000.and cash is used from X bank. then what will be the entry & how to adjust with old bank
What are the difference between P/l a/c and income and expenditure
Month end closing entries with example