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...

define contra entry?

Answer Posted / xyz

Dear Suresh! a transaction from cash to bank or from bank
to cash must be recorded in both the books but it is not a
contra entry. Contra entry always contradict effect of a
previous entry

Is This Answer Correct ?    1 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power

1645


Tell us did you use accounting applications at your previous companies or prefer working manually?

1004


We bought some machines from Singapore (capital goods), payment made in rupees. but the invoice value is mentioned as USD. 1. party ledger shows (debit side) amount in rupees. now i need to make purchase entry. 2. shall i want to convert USD to rupees? 3. if i do like that the party ledger will be differ.. 4. somebody pls tell me the way to make purchase entry.

1441


what is lease accounting?? please explain me....

2241


Is transfer Profit / loss account to capital account important in Tally ERP 9 at the end of the financial year? And what is the benefit of transferring P/L account to Capital account ? Please I want someone to answer my question, this is my second question I posted one question 2 days ago also nobody reply to that question. Thank you.

2226


Explain what are the accounting events that are frequently involved in compound entries?

1182


Apportionment of expenses

2247


What are mis reports?

1113


what is payment written

2035


What are the uses of journal in accounting?

1061


Hi wht r da questions which are mostly asked in an Accounts related job for freshers?

1929


what single discount is to2 successive discount of 10%& 15%

1830


Can anybody tell me the steps involved in Budgeting / Forecasting generally..?. Hints would be appreciated highly.

2323


how to do asset appreciation in sap?

2734


What is the limitaion of the Trial Balance?!

2148