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Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (422)
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 Accounting General interview questions  Accounting General Interview Questions (2781)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4351)
Question
what is the difference between journal voucher and contra
 Question Submitted By :: Guest
I also faced this Question!!     Rank Answer Posted By  
 
  Re: what is the difference between journal voucher and contra
Answer
# 1
journal voucher is the voucher in which all the adjustment related entries and non cash non bank transactions are entered in journal eg-dep, some of them book the bills in journal and
while they make a payment they record in payment eg-contractor bill


contra appears two times in two sides of a account an account will be treated as contra when
1, cash deposited in bank
2, cash with drawn from bank for office use
3, cheques deposited in bank
4, cheques withdrawn for office use
5, transfers from one account to another account
 
Is This Answer Correct ?    32 Yes 1 No
Ravindra
 
  Re: what is the difference between journal voucher and contra
Answer
# 2
journal voucher is the voucher in which all the adjustment
related entries and non cash non bank transactions are entered
in journal eg-dep, some of them book the bills in journal and
while they make a payment they record in payment eg-contractor
bill

contra appears two times in two sides of a account an account
will be treated as contra when, cash deposited in bank, cash
with drawn from bank for office use, cheque deposited in bank,
cheque withdrawn for office use, transfer from one account to
another account
 
Is This Answer Correct ?    11 Yes 1 No
Ovenkat4
[Durga Prasad & Co]
 
 
 
  Re: what is the difference between journal voucher and contra
Answer
# 3
each and every transaction entered in vochers,
were as contra means same transaction is entered in cash
column and bank clolum in pass book
 
Is This Answer Correct ?    2 Yes 0 No
Guest
 

 
 
 
Other Accounting General Interview Questions
 
  Question Asked @ Answers
 
What is amortization..? Any examples pls..?   3
A is vendor of B. B owes him 50000/-. A asked B to conduct an event on his behalf and the expenses incurred by B was 25000/-. A issued a credit note in favour of B in full , stating that TDS done @10% on 25000/-. Now , B has to settle A's balance. 1.Entries in the books of B 2.How much B repaid to A for settlement and the Entry in his books. CTPL 5
whois invitied a accounts   1
WHAT IS journal voucher ,CONTAR VOUCHER , CASH VOUCHER AND BANK VOUCHER (IN DETAIL)   1
what is account payable   4
How Accounting is useful to Business   1
if iam paid to insurence jan to jan but, financial year march to march   1
variable cost are fixed: 1) for a period 2) per unit 3) depend upon the entity 4) for a particular process of production   2
What is the Diffrence Between Expenses & Expenditure ?? Focus 3
what is capital and revenue expenditure   2
what will be the entry for recivables at 31 st march and if they are paid after 1 month then what is the entry TCS 2
what is the journal entry for accumulated depreciation? Core-Logic 4
 
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