Contra entry represents deposits or withdrawals of cash from bank or vice-versa. The purpose of contra entry is to indicate the transactions that affect both cash and bank balances. This entry does not affect the financial positions of a business.
Contra entry
an entry made in the opposite side of an account to offset an earlier entry, for example, a debit against a credit
Contra refers 'Opposite'. In double entry system when bank and cash transcations are occured with each as cash deposit/withdrawn.
withdraw and deposit entry
YesBecause the entry deals with both cash and bank
an entry made in the opposite side of an account to offset an earlier entry, for example, a debit against a credit
If it is contra entry :Go to ACCOUNTING VOUCHER in tally 9 , after that mouse left click on CONTRA box on your left side or press F4, and then select BANK under Accounts , and select CASH under PERTICULARS.
Cash deposit to bank has contra entry as follows: [Debit] Bank account [Credit] Cash account
took all cash and put in back except 2000
itching, swelling, cutting, brusing a contra action is something that you cause during the treatment a contra indication is something which stops your from performing the treatment such as a cold sore as its infectious
Contra - Cash withdrawal from Bank or Cash deposited to Bank
This kind of journal entry is called contra entry in which at both sides that is at debit side and credit side cash or bank is used.