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What is Contra entry?
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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 |
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