What is Contra entry
Answers were Sorted based on User's Feedback
Answer / sandeep
contra entry
entry that is entered on the opposite side of an earlier
entry to cancel its effect on the account balance.
| Is This Answer Correct ? | 0 Yes | 2 No |
My gross salary is 12,000/-P.M & due to less working days gross salary becomes 8,000/-P.M will ESI come as my gross is less than 10,000/-P.M
Explain the Accounting Equation?
Month end closing entries with example
how much cash transaction to single transport company per day and also per year
Explain the Invoice verification process
in tally in contra is possible to create the ledger for rent
How bank reconciliation statement is prepared
How did you chose your university?
company office interior work payment paid by MD on his personal account what is entry in company accounts book & md personal a/c book?
Assigning natural account to accounting seg. What will happen
under the modified cash basis of accounting, most revenues and expenses are recognized on the cash basis. Which one of the following items is an EXCEPTION to this accounting practice? a.Advertising b.Professional Fees. c.Supplies d.Rent
Tell me what steps would you take to increase revenue for this company?