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Question
what is the difference between journal voucher and contra
 Question Submitted By :: Accounting-General
I also faced this Question!!     Answer Posted By  
 
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4, cheques withdrawn for office use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 ?    33 Yes 1 No
Ravindra
 
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cheque withdrawn for office use, transfer from one account to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 2 No
Ovenkat4
 
 
 
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
 

 
 
 
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