what is mean by contra entry

Answers were Sorted based on User's Feedback



what is mean by contra entry..

Answer / ravi.harjai2009@gmail.com

when the a person send the cash from cash account to bank
account or vice-versa then the contra entry has been passed.

Is This Answer Correct ?    15 Yes 0 No

what is mean by contra entry..

Answer / kailashshakya

when a person cash transaction in bank account (cash
withdraw or deposit) then the contra entry passed

Is This Answer Correct ?    7 Yes 0 No

what is mean by contra entry..

Answer / maggi

This is a transfer of monies between accounts or when a customer is also a supplier

Is This Answer Correct ?    0 Yes 6 No

Post New Answer

More Accounting General Interview Questions

what is the difference between pay order and demand draft?

2 Answers  


difference between Reserve capital and capital reserve

6 Answers   Capital IQ, VPT,


Which account is responsible for interest payable?

1 Answers  


If the Rent paid amount including TDS Amount and Service tax. and the company effecting for input tax what will be the entry we need to pass in books...pls help me out. 9964339964 / dgowda99@gmail.com

5 Answers   Infosys,


Explain me the difference between public and private accounting?

0 Answers  






how much the minimum basic salary to calculate p.f.

15 Answers  


what is provision what is the difference between provision & reserve

4 Answers   IBM, Sand Martin,


what is entry for salary paid in advance ?

31 Answers   Capital IQ,


Difference between expenditure and expense?

6 Answers   Bhel, Shriram,


give me some simple examples of personal account, real account, nominal account

2 Answers   TATA,


What are the 5 basic accounting principles?

0 Answers  


WHAT IS SHARE OPTION OUTSTANDING ACCOUNT??

1 Answers   National Institute of Food Technology Entrepreneurship and Management NIFTEM,


Categories