what is a contra entry how it is passed in journal and
cashbook
- 5 Answers
- 11118 Views
- I also Faced
- E-Mail Answers
Answer Posted / balaji
contra entry is one where there has to be two corresponding entries for one transaction. when cash is deposited into bank, bank balance increases and cash balance decreases. in a multi column cash book, two corresponding entries has to be passed.
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
Is depreciation a expense or income?
what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?
Expand-------ANC
plz send me the apptitude question papers of wipro
Please send the clerical exam questions and answers to my mail Id pinky18.02.1985@gmail.com
plz tell me the finance questions asked in hsbc latest question asked in hsbc?
1) why rbi charges more interest rate in d form of repo while borrowing from commercial banks, and lends at a lower interest rate(reverse repo) to d commercial banks? 2) Do cooperative banks need to maintain policy rates with rbi? 3) why rbi does'nt pay any interest rate on CRR?
Is WCT paid to be considered as overhead during costing in construction firm?
what is ledger account
what is accounting in automobile
what salary you expect???
AN ESTIMATE OF ASSETS AND LIABILITIES ON AGIVEN DATE
What do you define in customizing for the payment program? FBZP (Any 2 Answer) • Bank subaccount ( BANK DETRMINATION SCREEN. ACCOUNTS) • Forms of the payment media ( PAYING COMPANY CODE) • Available amount (BANK DETERMINATION, AMOUNTS) • Assignments for the profit center • Prerequisites for the debit balance check
What is the Memorandum voucher?
My balance sheet is tallied. But there is a difference of RO 1 in cash flow. How to adjust ?
