what do you mean by contra entry? and where it is used?
Answer Posted / trupti
contra entry is passed in following cases
1)when there is a transaction between two different banks
i.e transfer of funds from one bank to another or,
2)cash withdrawn from bank or,
3)cash dedposited in bank or,
| Is This Answer Correct ? | 132 Yes | 27 No |
Post New Answer View All Answers
A crushing unit blasted 1650Mts in the month of March 2009. The rate of Royalty to be paid is rs 35/- Per MT. Advance royalty was paid rs 250000/- on 1-3-2009. pass journal entries from the advance royalty
What is Goods Lost by Fire/Accident/Theft ?
in accounts welding institute which category will come for example 1. recruitment con.pvt ltd. is man power recruit category ,so iwant to welding institute (learning welding and fibrication)
What is Insider Trading ?
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
.,can someone tell me how to compute the subscribed capital share?
Truck # 3 has a list price of 16000. It is acquired in exchange for a computer system that company A caries in its inventory. The computer system cost 12000 and is normally sold by company A for 15200. Pass the journal for the same.
Why do you want to work for us?
What is Free Cash?
How goodwill is accounted for the first time in a company .
MMT and MID payment how post in tally
Clasify Loss
Hi Im Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Clerical post. Please help me I f u can. thanx in advance
different between acconting and elective mathematics
helo sir, i want to know the writen exam pattern for finance and accounts ang general apptitude test of ongc.