I have recieved a payment from hmrc on Friday morning and by the
afternoon it was removed from my bank account by contra entry what does
this mean? Will I recieve the money?
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Answer / bhavya
Yes it is receipt...In each transaction should pass as soon
as it happens so 1st you should debit party's account (Hmrc)
by taking receipt entry and later contra by debiting your
bank account.
| Is This Answer Correct ? | 10 Yes | 4 No |
Answer / rama chandra mohanty
No the payment is received by cheque or Demand Draft, and
by the afternoon it was withdraw by cash with contra entry.
| Is This Answer Correct ? | 2 Yes | 1 No |
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0 Answers Chartered Accountant,
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Audit 
