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What is Contra entry?

Answers were Sorted based on User's Feedback



What is Contra entry?..

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

What is Contra entry?..

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

What is Contra entry?..

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

What is Contra entry?..

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

What is Contra entry?..

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

What is Contra entry?..

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

What is Contra entry?..

Answer / prashanthi

an item appearing on both sides of an account is contra entry

Is This Answer Correct ?    1 Yes 0 No

What is Contra entry?..

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

What is Contra entry?..

Answer / suri&uday

cash a/c dr
to bank a/c

Is This Answer Correct ?    1 Yes 1 No

What is Contra entry?..

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

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