Contra entry with example?
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Answer / b.narasimha rao
THE DEBIT AND CREDIT ASPECT ARE RECORDED OPPOSIT IN CASH
BOOK THAT IS CALLED CONTRY ENTRY
FOR EXAMLE CASH DEPOSITED IN BANK CONTRY ENTRY IS
BANK A/C DR
TO CASH A/C
| Is This Answer Correct ? | 1206 Yes | 122 No |
Answer / bhanu
from bank to bank transactions or cash to bank transactions
are enter as contra onlyin tally versions
| Is This Answer Correct ? | 509 Yes | 105 No |
Answer / d. k. gupta
contra entry only for tally software!!!!
when your accounts are effected from cash and bank or BANK
AND BANK THEN YOU USE TO CONTRA ENTRY IN TALLY !!
EX.- CASH WITHDRAWAL FROM BANK? 5000/-
OPEN THE TALLY VOUCHER ENTRY AND PRESS (F4)KEY TO USE CONTRA
Cash A/c Dr. 5000/-
To Bank A/c 5000/-
(Being Cash Withdrawals from Bank)
Ex.2- cheque issue to pnb bank 5000
Pnb bank a/c dr 5000/-
To Bank A/c 5000/-
(Being the cheque issue to PNB Bank)
| Is This Answer Correct ? | 423 Yes | 60 No |
Answer / anoj
when in a transaction both cash and bank accounts are
affected then contra entry arises.
e.g.1. cash deposited into bank.
in bank account
cash a/c dr
to bank a/c
in cash a/c
Bank a/c dr
to cash a/c
| Is This Answer Correct ? | 322 Yes | 85 No |
Answer / madhu poor
Contra entry means Bank to bank Transaction.
It's means Cash Withdrawl & Cash Deposit.
for e.g. Dr. Cash ...... Amt.
Cr. Bank.......amt.
Dr. Bank.......Amt.
Cr. Cash ......Amt.
| Is This Answer Correct ? | 253 Yes | 44 No |
Answer / narasimha rao
THE DEBIT AND CEIEDT TRANSACTION ARE RECORDED IN OPPOSITS
SIDE IN THE CASH BOOK THAT IS CALLED CONTRA ENTRY
FOR EXAMPLE
CASH A/C DR
TO BANK A/C
BANK A/C DR
TO CASH A/C
CONTRA ENTRY IS ARISED ONLY ON TWO TIMES ONE IS CASH
WITHDRAWAL AND SECOND IS CASH DEPOSITS IN BANK
| Is This Answer Correct ? | 178 Yes | 36 No |
Answer / akbhaskar
.- CASH WITHDRAWAL FROM BANK? 5000/-
OPEN THE TALLY VOUCHER ENTRY AND PRESS (F4)KEY TO USE CONTRA
Cash A/c Dr. 5000/-
To Bank A/c 5000/-
(Being Cash Withdrawals from Bank)
Ex.2- cheque issue to pnb bank 5000
Pnb bank a/c dr 5000/-
To Bank A/c 5000/-
(Being the cheque issue to PNB Bank)
| Is This Answer Correct ? | 161 Yes | 32 No |
Answer / tabrez
When both Cash & Bank account affects at a time them contra
entry is pass :
e.g :-
Cash 2,000/- withdrawn from bank for petty cash,
entry :-
Dr. Cash a/c 2,000/-
To, bank a/c 2,000/-
| Is This Answer Correct ? | 157 Yes | 35 No |
Answer / nisha
if cash withdral from bank for Rs. 2000
in bank books
cash A/c dr 2000/-
TO Bank A/c 2000/-
if Cash Deposit in bank for Rs. 5000/-
in bank books
Bank A/c dr 5000/-
To Cash A/c 500/-
| Is This Answer Correct ? | 166 Yes | 47 No |
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