What is Contra Voucher
Answers were Sorted based on User's Feedback
Contra means 2.
While Transaction happens between
Cash b/w Bank
Cash B/w Cash
Bank b/w Bank
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / atul kumar singh
Contra Voucher is which affect Receive side & Payment side.
| Is This Answer Correct ? | 0 Yes | 0 No |
What does the investment of personal assets by the owner will do?
Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.
What can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?
what is deffered liability
If ABC security service provider monthly bill for the month of Jan is Rs.2,00,000/- including TDS 2% and Service Tax 12%, Edu.Cess 2% and SHE Cess 1% what is the journal entry.
how to pass journal entry when cash received in the form of gold or other form?
Explain me where a cash discount should be recorded in journal entry?
How To Entered The Entry in Tally If The Amount Came of Insurance Claim Recovery
The following information is extracted from the audited books of accounts of a chain of food stores for the period ended 31st December 2015. Revenue Statement (Trading and Profit and Loss Account for the year ended 31st December 2015. BWP’000 BWP’000 Sales 460 Cost of good sold (220) Gross profit 240 Wages 50 Other expenses 30 (80) Net Profit 160 Note: The purchase figure included in the cost of goods sold of P255 000. Balance Sheet as at 31st December 2015 BWP’000 BWP’000 Fixed Assets 400 Current assets: Stock 80 Debtors (trade) 120 Bank 400 ----- [600] Current liabilities: Trade creditors 300 ------ [300] 300 Net Assets 700 ==== Financed by: Share capital 600 Revenue reserves 100 ------ 700 Shareholders Funds 700 ===== Required: (a) Calculate the following accounting ratios: (i) Current ratio (ii) Acid test ratio (iii) Stock turnover (in days) (iv) Debtors turnover (in days) (v) Creditors turnover (in days) (vi) Return on capital employed (ROCE) (vii) Gross profit percentage (viii) Net profit percentage (b). Give a brief comment on the performance of the company, based on the above ratios.
Under which category in the balace sheet will closing stock appear
The owner of the consignment stock is________ (a) Consignor (b) Consignee (c) Debtors (d) None
what is difference between job costing and process costing?