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what is contra entries defination and meaning and some example
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Answer / dhanesh
contra entry means entry affted only in bank & cash
Eg: cash a/c dr
to bank
(being cash withdrawn from bank)
bank a/c dr
to cash
(being cash deposited in to bank )
| Is This Answer Correct ? | 19 Yes | 1 No |
Answer / nancy
some transactions are recorded in three column cash book
which relates to both cash & bank i.e. balance of one will
decrease and other will increase due to such transactions.
such transactions are entered on both sides of the cash
book . such entries are known as Contra Entry.
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / sunil kumar
Some transactions recoded in the books of three column cash book both side like bank &cash
Bank a/c dr
To cash a/c
Cash a/c dr
To bank a/c
| Is This Answer Correct ? | 0 Yes | 0 No |
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