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Cash deposited & withdrawn from bank, Funds transfered from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cash deposited at bank or cash withdrawn from the bank.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|
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