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wat is contra Entry
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Answer / prince
contra entry is transfer entry betweem Cash & Bank And bank
to Bank
| Is This Answer Correct ? | 47 Yes | 3 No |
Answer / gaurav garg
Dear Sir/Madam
when a businessman deposit cash in bank or when withdraw
cash form bank than this entry go both ledger "cash ledger"
and "Bank Ledger".
If businessman deposit cash in the bank than cash ledger
will credit(Cr.) and Bank ledger will debit (Dr.). and
if businessman withdraw cash from bank than cash ledger will
Debit(Dr.) and bank ledger is Credit(Cr.) in Contra Voucher
contra entry (shortcut key press-F4 ) in tally software and
entre this entry in this contra voucher.
| Is This Answer Correct ? | 16 Yes | 1 No |
Answer / chetan
Contra entry means,
It is related with cash & bank,
1) cash deposited into the bank.
2) cash withdrawal from bank.
3) in case, company have account in two different bank,
company transfer cash or cheque from bank to bank.
above given example, are consist in the contra entry.
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / shekhar
contra entry effect in cash book.its effected in accounting
the entry will be posting two sides. this entry will be
attempted three situations.
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / triloksharma71
For example, cash of Rs. 5,000 is deposited into a bank. In
this transaction both bank account and cash account are
involved and they will be recorded on both sides of Double
Column cash book i.e. on the debit side in bank column and
on the credit side in cash column.
| Is This Answer Correct ? | 4 Yes | 0 No |
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