Answer / urmi

Contra entry means either cash deposited into bank or withdraw from bank,contra entry has two effects one is debit and other is credit.

Answer / uttam.847

This is transaction between coustmor and bank , it recorded
when cash deposit or withdrawn.

Answer / mudunuri

Contra means transfer of Funds position. Example. cash deposited into bank means Cash was taken from cash source and deposited in bank. It means cash balance will be tallied with cash at office and cash at bank

Answer / vasu

If a transaction requires on on both side (debit,credit)
account then it is called contra entry.

Answer / rupali sawant

When cash deposited in Bank OR cash withdrawn from Bank
thease types of entry make in to conta voucher.

Answer / kuldeep singh

Contra Entry means Bank to cash, Bank to bank transtion.

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