What is Contra entry?

Answer Posted / priyank kaushik

It is a journal entry which is recorded in cash as well as
bank book.

bank A/c Dr
To Cash A/c

Is This Answer Correct ?    16 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

you went outside to purchase vegetagles, suddently big rain came then what you will do

1659


where does the closing stock appears in the trial balance?

1512


What is Analysing

1683


Define the word Profit in terms of business

1703


what is ledger account

1619






Hi all i did my M.B.A financ enw iam doing a job as a finance executive but i feel it is not good 4 me can any 1 plz guide me 4 the better career my job profile is (INVOICING)hw it is help me out 4 the better career shell i continu ein the same 1 by learning sap or oracle or shall i shift to any other if any other which job is suites to me plz suggest me

1720


Why you choose commerce faculty & not science or Why you are in commerce & not in science ?

1685


What si the differance between REVENUE and PROFIT?

1489


How can a Society be converted to a Private Limited Company in the Real Estate Industry and at the same time have the least tax liability upon it's profits earned during the financial year closing

1784


Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From

1990


What is meant by advance ruling? What is the scheme of advance rulings?

1560


HOW CALCULATE ADVANCE TAX ? PLEASE EXPLAIN IT ?IN CASE OF FIRM, IF WE PAID FIRST INSTALMENT OF ADVANCE TAX.

1604


what is internal audit

1609


Hi guys, If anyone have gone through the CAPITAL IQ-Junior Research Associate interview then plz let me know about its pattern..and if anyone hav its placement papers or any other information then plz post to me at arshadbasha_mba@rediffmail.com

2399


EXPAND______________IARCS

1495