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What is a contra entry
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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 |
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 |
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 |
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 |
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