Contra refers 'Opposite'. In double entry system when bank and cash transcations are occured with each as cash deposit/withdrawn.
a corner.
Definition by negation is a solution to a right angle statement.
A. Animal Kingdom
It means to be brief and to the point. An example or definition of something with as few words as possible.
One definition of coincide is to occupy the same time, or place. For example, His doctors appointment coincided with his dentists appointment.
an entry made in the opposite side of an account to offset an earlier entry, for example, a debit against a credit
an entry made in the opposite side of an account to offset an earlier entry, for example, a debit against a credit
Contra entry
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.
withdraw and deposit entry
YesBecause the entry deals with both cash and bank
Contra normally means against (from Latin.) Un- is better for using to mean not (uneducated-not educated)
nobody knows...
Cash deposit to bank has contra entry as follows: [Debit] Bank account [Credit] Cash account
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.
Accumulated Depreciation
Accumulated Depreciation