Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is contra entry?

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


Please Help Members By Posting Answers For Below Questions

Why some asset accounts have a credit balance?

1075


what are the adjustments and treatment with connection to the profit and loss appropriation accounts and how they do?

2019


how do made in finalization

2074


how much cash transaction to single transport company per day and also per year

1582


what is the treatment for employee contribution and employer contribution in in pf in accounts under which head??

1670


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.

2048


how to calculate vat,pf,esi,service tax in corporate firm

1963


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.

1620


What is the disadvantage of double entry system?

1094


Who is considered the father of accounting?

1213


What is the difference between inactive accounts and dormant account?

1269


What is the general classification of accounts that usually ledger account involve?

1102


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

2236


what is a difference between public and private accounting?

1137


Define tally accounting

966