What is contra entry?
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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.
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Answer / uttam.847
This is transaction between coustmor and bank , it recorded
when cash deposit or withdrawn.
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Answer / vasu
If a transaction requires on on both side (debit,credit)
account then it is called contra entry.
| Is This Answer Correct ? | 3 Yes | 4 No |
Answer / rupali sawant
When cash deposited in Bank OR cash withdrawn from Bank
thease types of entry make in to conta voucher.
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Answer / kuldeep singh
Contra Entry means Bank to cash, Bank to bank transtion.
| Is This Answer Correct ? | 3 Yes | 12 No |
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