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What is a contra entry

Answers were Sorted based on User's Feedback



What is a contra entry ..

Answer / keshab ch. bhanja

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 form bank.

Is This Answer Correct ?    26 Yes 0 No

What is a contra entry ..

Answer / n.upendra

Which accounting entry is recorded both sides (Debit and
Credit)of cash book that is called as contra entry i.e
1.Cash deposit in bank
2.Cash with draw from bank

Is This Answer Correct ?    6 Yes 0 No

What is a contra entry ..

Answer / ghanshyam roy

contra entry for only self co. transaction for cash and
bank. i.e
1. cash withadral from bank
2. cash deposit in the bank
3 transfer from one bank a/c to another banka/c

Is This Answer Correct ?    6 Yes 2 No

What is a contra entry ..

Answer / rajesh jain

There are four type entry will be done..
1> B2B (Bank to Bank Transaction)
2> B2C (Bank to Cash " )
3> C2B (Cash to Cash " )
4> C2C (Cash to Cash " ){petty cash)

Is This Answer Correct ?    1 Yes 0 No

What is a contra entry ..

Answer / rina

can i have a detailed xplanation

Is This Answer Correct ?    5 Yes 5 No

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