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Answer Posted / nagesh gadkar
Contra entry is passed on following condition.
The Cash Transaction should be between Cash to Cash, Cash
to Bank, Bank to Bank or Bank to cash.
1) When we Cash deposited in to Bank or
Bank A/c................Dr
To Cash a/c
2) When we Cash withdrawn from Bank or
Cash A/c.................Dr
To Bank A/c
3) When Cash transferred From One Bank(SBI) to
(HDFC)Another Bank or
HDFC Bank A/c...........Dr
To SBI Bank A/c
4) When Cash transferred from main Cash to Petty Cash.
Petty Cash A/c.............Dr
To Cash A/c
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