what is the difference between contra entry and double entry?
Answer Posted / smitha
Double entry as the name suggests is a way of record
keeping where the entry is done in two accounts where as in
contra entry two accounts will always be affected ie bank
and cash accounts
| Is This Answer Correct ? | 26 Yes | 3 No |
Post New Answer View All Answers
When we paid TDS on commission how will journal entry come
You are a B.E Student? How can u manage Banking?
how much cash transaction to single transport company per day and also per year
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 debit and credit note?
what is service tax & excise? How will it be charged?
Do you know retail banking?
what will be the possible question for an interview in account post as a fresher
service tax calculated on agreement value or market value whichver is higher for builders?
Calculate the missing figures for company A. A Sales (TSR) (a) Total Variable Costs (TVC) (b) Total Fixed Costs (TFC) $24,000.00 Profit $0.00 Units Sold 1,000.00 Contribution Margin Per Unit (CMU) (c) Contribution Margin Ratio (CMR) (d) Break-Even Point (BEP) (Units) (e) Break-Even Point (BEP) (Dollars) $60,000.00
What are the functions of manger -accounts and manager-finance? Explain in detail
my assessment says that I must post a dishonoured cheque in the general journal not a specialised journal how would I write that I know bank would be credited but what account would be debited???
Entries to revenues accounts such as service revenues are usually?
bank jobs
HP EMPLOYYES - If any one in HP company, Please give refernce for attend the Accounting Job in chennai,Bpo- chetpet.If any one Worked there Please,Send mail to me Umaiyo@gmail.com.I have 1 year exp in banking sector, & 8 months exp in accounting in SIEMENS, at present I'm searching for a job.If any person see this mail,Kindly send mail to me. Thank U Friend.