what is a contra entry how it is passed in journal and
cashbook
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Answer / praveen kumar
contra entry is use in two conditions only cash with drawn
from bank for office use only
2. cash deposited in to the bank for office use only
| Is This Answer Correct ? | 13 Yes | 3 No |
Answer / k k ganguly
Conta is Entry Which is use that time when Cash Withdrow or
Deposited into bank. its passed on the time of cash
withdrow cash book is dr & Bank a/c is Cr Simple
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / srinivas annavarapu
Contra entry is that where there will not be any effect in
TB.
For ex: Cash of Rs.1000/- deposited in Bank
in this case cash balance is decreased by Rs1000/- and at
the same time Bank balance is increased by Rs.1000/-. As
such there is no difference in your liquid balance.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / vijay bhaskar reddy(vijji_tv@y
It is the entry which effected the both sides in cash book.
It is occured in three times, i.e., 1.Cash deposited in to
bank, 2.Cash withdrawn from the bank for office use, and
3.Receivable cheque deposited in to the bank in another day.
| Is This Answer Correct ? | 0 Yes | 0 No |
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