which a/c affect by contra entry

Answer Posted / vivek mohan nair

cash to bank or bank to cash is contra entry.So definitely cash and bank account will get affected. In most of the account bank and cash comes so it also affect that account also simple. like trial balance , balance sheet etc.

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is contract accounting?

1854


explain about mergers & aquisitions? asked on 30/7/09

1742


Is TDS applicable to Voice Over IP(VOIP) service to an India VOIP service provider? please provide the related acts and case studies.

1784


2Create a program that accepts a number and output its equivalent in words (maximum input number is 3000). for example Enter a number: 1380 one thousand three hundred eighty

1494


what is absorbtion coasting?

1853






bill to addres? ship to addres? rimit to address?

4561


Expand---------PSRT

1583


Hi friends ineed finacial analyst interview question Pls share it

1531


what is purchase consideration? How does it come about and how is it treated in the books?

2056


what is a reducing balance method and depreciation fund investment method and 2 diffrences?

2031


Data for two divisions of Alpha Biotech Ltd. Are given below. Analyze both divisions. Parameters Division X Division Y Rs. Rs. Capital Employed 50,00,000 50,00,000 Sales 30,00,000 28,00,000 Cost of Goods Sold 21,00,000 18,00,000 Profit Before Tax 9,00,000 10,00,000 Tax 2,70,000 3,00,000 Profit After Tax 6,30,000 7,00,000 Data for two divisions of Alpha Biotech Ltd. Are given below. Analyze both divisions. Parameters Division X Division Y Rs. Rs. Capital Employed 50,00,000 50,00,000 Sales 30,00,000 28,00,000 Cost of Goods Sold 21,00,000 18,00,000 Profit Before Tax 9,00,000 10,00,000 Tax 2,70,000 3,00,000 Profit After Tax 6,30,000 7,00,000 Data for two divisions of Alpha Biotech Ltd. Are given below. Analyze both divisions. Parameters Division X Division Y Rs. Rs. Capital Employed 50,00,000 50,00,000 Sales 30,00,000 28,00,000 Cost of Goods Sold 21,00,000 18,00,000 Profit Before Tax 9,00,000 10,00,000 Tax 2,70,000 3,00,000 Profit After Tax 6,30,000 7,00,000 Data for two divisions of Alpha Biotech Ltd. Are given below. Analyze both divisions. Parameters Division X Division Y Rs. Rs. Capital Employed 50,00,000 50,00,000 Sales 30,00,000 28,00,000 Cost of Goods Sold 21,00,000 18,00,000 Profit Before Tax 9,00,000 10,00,000 Tax 2,70,000 3,00,000 Profit After Tax 6,30,000 7,00,000

1497


what is payment method?How many payment method we can assign to company code.

1255


does MIS reports are used in Tally n Focus software? if yes how it is used in focus software? for AR n AP

1740


How to raise my credit score if I have 500 credit score?

1558


What is money measurement concept

1677