Interested to Buy Any Domain ? << Click Here >> for more details...
Contra entry with example?
- 40 Answers
- 224529 Views
- Industrial Power Supplies, PVS Advertising, I also Faced
- E-Mail Answers
Answer Posted / venkat
Contra entry means....when we compare the both book like
cash book and bank book entry's.
See easily understand -
we have cash book... when we deposit the money -cash book
value wil be decrease ( Credit) bank book value wil be
increse( debit).
As wel as same process when we withdraw the cash our cash
book value wil be increase(debit) and bank book value wil be
decrease( credit).
so finally observe those entry's we have to post the contra
entry's when we dealing with bank transactions.
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
What is discounting accounting and why depriciation of assets are mention in dicounting accounting?
Short Answer on ________Adjusting Entries
when apply for ragistred in central excise no
legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability?
what is Journal Entries?
what is Calculation of Gross Profit Or Gross Loss?
How many types we are received funds in business purpose
What are the benefits ofparticipation in a depository?
What is Merger?
what is forecast
Dear Sir, My qus is my co. purchase a laptop from Abc.co. for rs-37200 on credit Emi basis from hdfc bank. i paid every month 6200rs as a installment. so i want to know how i make a entry in tally 9. and also want to know i creat laptop ledger under fixed assets or office expenses. plz tel me soon.or mail me .
wHAT ARE EVENTS
What is Merchandising Accounting process
last date of tds deposit yearly,tds proforma challan
Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet
