Interested to Buy Any Domain ? << Click Here >> for more details...
What is Contra Entry?
- 37 Answers
- 122008 Views
- Ferguson, RG Group, TCS, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / salimpasha
which accounting entry is recoreded on both the debit and
credit side of the cash book is known as the contra entry
there's no increase&decrease in the overall amount
| Is This Answer Correct ? | 5 Yes | 6 No |
Answer / anand n r hassan
contra entry an entry appears in both the ledger cash and
bank book is called as cantra entry.
Examples: 1 cash depositted in to bank
2 cash with drawn from the bank
3 fun tranfer from one bank another bank
| Is This Answer Correct ? | 3 Yes | 4 No |
Answer / rajesh
In three column cash book which are entry recored in cash &
also Bank column are call contar entry . Ex:- bank over
darft (BOD)
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / subhajit ghosh
contra is simple i.c.if cash paid to bank that why cash goseout cash credit,bank comes-in bank debit.asset comein debit,assete goseout credit.cash book double entry (c).
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / varsha
A single transaction entered into both side of three colum
of cash book.
| Is This Answer Correct ? | 2 Yes | 5 No |
Answer / ajay
Contra entry is journal entry.It will be effect in two books
one is cash book and another one is bank book.Now we will
be take cash deposit in bank and entry will be come like
this
Bank A/c dr ***
to cash A/c ****
(cash deposit in bank)
now here bank balance is increase and cash balances is
dicrease and it is effected in both books.
| Is This Answer Correct ? | 1 Yes | 4 No |
i want the difference p&l a/c and Income and expediture statement
what happens to each of the three primary financial statements when gross margin decreases?
what are the similarities between cost accounting and management accounting?
WCT ,TDS,Service tax ,costmor accounting
New emlpoyee was joined on 15th Jan and salary paid on 28th Feb amt of Rs.20000/- and asked to give the Journal entry for the Month of Jan, Fed and March (His Monthly Salary is Rs.8000/-)
tell about bank entry
What is bad debt ? how does it effects on Balance sheet and profit and loss account?
what is the difference between Assets Allocation & Security selection?
what is accounts payable
What is meant by Revenue Loss
what s BSPL and its significance?
Expand H B A
Audit 
