What is Contra entry?
- 12 Answers
- 15099 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / priyank kaushik
It is a journal entry which is recorded in cash as well as
bank book.
bank A/c Dr
To Cash A/c
| Is This Answer Correct ? | 16 Yes | 5 No |
Answer / sridharan
It is a journal entry which is recorded in cash as well as
bank book.
Bank A/c Dr
To Cash A/c
| Is This Answer Correct ? | 10 Yes | 3 No |
Answer / vikra
Bank a/c dr
To Cash a/c
or
Cash a/c dr
To Bank a/c
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / mahendar
contra entry
which entry noy effaced mony
for example when i with drow some cash from the bank that
time which mony in the bank that time in our hand so that
condtion not any effact our Lequed assast .
for example
bank a\c dr. 5000
cash a\c 5000
that entry show which mony in the bank that mony now in our
hand so individuly not effact.
thats it .
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / satyaki_raju@yahoo.com
Contra is transfering the cash position from Cash box to
bank account and bank account to cash box
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / chandra sekhar
contra entry is nothing but wich accounting entry is
recorded on both debit and credit side of the cash book is
known as "contra entry".Ex
Bank a/c dr
To Cash a/c
or
Cash a/c dr
To Bank a/c
BY
CHANDU
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / prashanthi
an item appearing on both sides of an account is contra entry
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / g.vassudevan acharya
Reverse entry of Cash or Bank is Called Contra Entry.
For Example.
Journals:-
1.Withdrawl Cash from Bank.
2.Cash deposited to Bank.
Above 2 entris are Contra entries.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / s.usmani
when we pass cash to bank,bank to cash and bank to bank transaction is called Contra entry.
| Is This Answer Correct ? | 0 Yes | 0 No |
define the REVENUE
Expand C N V A T
calculate the closing stock: if opening stock- rs.2327620 , purchase -23519280, direct expenses-1335225, sale:- 24884412, direct income :-286371
what is private sector banking and public sector banking
1 Answers State Bank Of India SBI, TATA,
You been asked to prepare a training class for completing expense statements. What points will you emphasize to insure accurate expense statements are submitted?
Expand ------NPR
diff b/w debenture and bond?
4 Answers American Express, Bank Of America, Syntel,
How baddebts effects in trial balance and balancesheet?
please tell me GENPACT and GE finance interview questons
How Many Points include in Mat Calculation , what is the different bitween Gross Profit & Book Profits?
state wheather the following statements are true or false i, the issue of shares ata discount must be authorized by a special resolution of company. ii, operating or finance lease comes under provision of as- 13 iii, at the end of the accounting period the balance of "goods sent to branch account" is transfered to trading acount iv, for life business premium is to be recognized on receipt basis v, a banking cannot grant any loans on securities of its own shares
difference betwwen the 4.6 & 4.7 ecc versions
Audit 
