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What is contract entry

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What is contract entry
  • 3 answers

Sakshi Upadhyay 6 years, 9 months ago

Contra entry is a entry which effect both side of Cash book debit side and credit side

Vikas Rider 6 years, 9 months ago

Contra entry is those entry which is two entries for a cash and bank example :- cash deposite into bank

Shivam Pant 6 years, 9 months ago

contra entry is usually performed in ledger. Suppose u have prepared any two a/c in ledger (`cash bank) and while posting from journal entry if these two accounts have together dr or cr then contra entry must be performed.
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