Contra entry with example?
Answers were Sorted based on User's Feedback
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 ? | 1207 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Cash 2,000/- withdrawn from bank for petty cash,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 |
what are the financial ratios that a manager see in accounting?
what is revaluation of assets and liabilities?
Why the closing stock will not appear in the Trial Balance?
Expand ------APMC
A company maintains a margin of safety of 25% on its current sales and earns a profit of Rs. 30 lakhs per annum. If the company has a profit volume (P/V) ratio of 40%, its current sales amount to A. Rs. 200 lakhs; B. Rs. 300 lakhs; C. Rs. 325 lakhs; D. None of the above.
A business unit disposes an old asset at a rate higher than its written down value. Then how it will be recorded and under what head of income
What is Risk Assessment?
What percentage of discounts lost did you have in Accounts Payable? Did the percentage increase or decrease under your supervision?
1 Answers Boston Consulting Group, Noble Group, United Healthcare,
What is depreciation? What are the various methods thereof?
Expand---------BTSR
Expand SOIT
Short Answer on _________Commerce