Interested to Buy Any Domain ? << Click Here >> for more details...
What is Contra Entry?
- 37 Answers
- 120504 Views
- Ferguson, RG Group, TCS, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / farhad khan afridi
contra entry is the entry which has effected both bank
account and cash account.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / binoy saha
Contra entry is very simple.Bank & Cash Account reletade.Use
only double & treble column book keeping system.Effect of
both side (dr.& cr.).These called Contra entry.
Such as : Cash deposit to bank tk 10000.00
Bank Account Dr.
Cash Account Cr.
This is Contra Entry.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / mukesh prajapati
when the transaction of the cash capital flows from one end
to another end as remain same but it is entered in both
side of the cash book due to flow;i.e cash to cash,cash to
bank transfer,bank to cash,bank to bank ,it is called
contra entry.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / gyan
Contra entry.This can be passed only in three column cash
book. Some transactions are recorded in three column cash
book.which relates to both cash & bank.That is called
contra entry this can be denoted by puttting 'C" on Both
the sides of the cash book.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / fredrick
its when some transactions of a three column cash book
affect one another in such a manner that an increase in one
will lead to an equal decrease in the other.this affects
cash and bank,when cash is deposited to the bank ,the bank
gains whereas the cash reduces by the same figure.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / a.santosh
which accounting entry is recorded on both the debit and credit side of the cashbook is known as the contra entry.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / shola
Is a transaction that appears dual (i.e appeared in two column)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / narasimha rao
THE DEBIT AND CREDIT ASPECTS ARE RECORDED OPPOSIT SIDE IN
THREE COLUMNS CASH BOOK TEHSE CALLED CONTRA ENTRY
IT IS ONELY ACCURED WHEN CASH DEPOSIT IN BANK OR WITHDRAW
FROM BANK
| Is This Answer Correct ? | 22 Yes | 23 No |
what is accounting standard?
what is organic profit? and how it is calculated?
What is Reserv & surplus generally used in Balance sheet.
Define Salry for the following purpose 1.To calculate HRA
debt/total capital
2 Answers Capital IQ, FactSet Systems,
how to show Income receivable in tally erp-9.
What is Demat Account? what is the use of it?
Whether the medical bills( both Hospitalization and out- patient)submitted and reimbursed to the service provider has not taken initially as value for the purpose of Service Tax, now demanding retrospectively i.e. from 2009-10 on wards(as Demanded by Service Tax Department). Whether Reimbursement is Service Tax chargeable?. Further, Vehicles were provided to them by the service recipient and the Fuel bills were directly paid to the Petrol bunk by the Service recipient. Is that also Service Tax chargeable?
If i need a certification for SAP FICO or CRM. Do i have to go to a institute and pay huge sum just for a certificate.? or is there any other way, also let me know how much does it cost...?
Expand C C A
When we are using the DEPB licence for duty adjustment 100 %, there is no cash payment to customs. If i am a trader and registered with excise, Can we avail the modvat credit and pass on to customers?
what is vlsm?
Audit 
