Contra Entry

A Contra Entry is a transaction involving transfer of Cash between one cash A/c to another bank A/c i.e., is a transaction showing transfer of funds from:

• Cash Account to Bank Account.
• Bank Account to Cash Account.
• Bank Account to Bank Account

For such transactions we have to make this entry.

While making Contra entry , enter Entry No. and select the Date.

1) If you are withdrawing Cash from your Bank then

2) If you are Depositing the Cash to Bank then

In this way you can make your Contra Entries.