Answer Posted / vasu
If a transaction requires on on both side (debit,credit)
account then it is called contra entry.
| Is This Answer Correct ? | 3 Yes | 4 No |
Post New Answer View All Answers
Why some asset accounts have a credit balance?
what are the adjustments and treatment with connection to the profit and loss appropriation accounts and how they do?
how do made in finalization
how much cash transaction to single transport company per day and also per year
what is the treatment for employee contribution and employer contribution in in pf in accounts under which head??
I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.
how to calculate vat,pf,esi,service tax in corporate firm
my brother is out of country i have lost his bank passbook when i was going to bank for the entries is their essential to take duplicate pass book can my brother is present for this.
What is the disadvantage of double entry system?
Who is considered the father of accounting?
What is the difference between inactive accounts and dormant account?
What is the general classification of accounts that usually ledger account involve?
RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above
what is a difference between public and private accounting?
Define tally accounting