what is contra entry . plz explain with example.
Answers were Sorted based on User's Feedback
Answer / naga lakshmi
contra entry means it is both cash&bank transactions.
example:1)cash deposited into bank
2)cash withdrawn from bank
Is This Answer Correct ? | 47 Yes | 6 No |
Answer / jayanta roy
In a single transaction where both Bank a/c and Cash a/c are involved,it is a case of contra entry.
E.g: CASH DEPOSITED INTO BANK
BANK A/C....DR
TO GASH A/C
WITHDRAWN CASH FROM BANK
CASH A/C.....DR
TO BANK A/C
Is This Answer Correct ? | 19 Yes | 4 No |
Answer / manoj babu
its is combination of mutiple enteries to sa single entry
where both will appear in debit and credit account
Is This Answer Correct ? | 15 Yes | 8 No |
Answer / suresh dhami
A Contra Entry is related to cash & bank
For E.g.
1. Cash Deposited Into bank
2. Cash withdrawn from bank for business purposes
3. Inter bank Transaction.
Is This Answer Correct ? | 6 Yes | 2 No |
Answer / divyagirantla1995@gmail.com
Contra entry is called in two entries 1 cash depasited into bank 2cash with draw from bank
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / gourab mistri
BANK TO BANK
CASH TO CASH
BANK TO CASH
CASH TO BANK
Is This Answer Correct ? | 8 Yes | 10 No |
What is Deferred Asset..?
: can anyone tell me rates of TDS for payment of contract, consultancy, advertizing, statioenry, salary, professional charges, technical fees, & honorarium for the financial year 2010-11
if we have charged vat @ 5% instead of 4% ,how can we rectify that invoice ?we have already send that invoice to our client and we have received that payment also .Invoice Dated 25/01/2010 Kindly advice on that .........
How to prepare HSD statements in tally
Tell me what would you say are the most important qualities of an account manager?
What are the 4 types of ppe?
A company closing its acconts in december..its paying 10000/-as rent......in the month of august it paid 4 months rent as advance...how will u account this
SALES BOOK IS A PART OF
what is difference between trail balance and balance sheet
2 Answers MC Packaging, Wipro,
What is capital adequacy ratio? What is demat account?
plz can some one tel me "The concept of stock holder's equity and paid in capital".
What is difference between debit note and Proforma Invoice