Contra entry with example?
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Answer / nilam mishra
Contra Entry Means Transetion For Bank to cash and cash to
bank
| Is This Answer Correct ? | 37 Yes | 2 No |
Answer / shamika
CHEQUE DEPOSITED IN BANK A BY BANK B.
A BANK A/C Dr.
To B BANK A/C.
| Is This Answer Correct ? | 33 Yes | 3 No |
Answer / seema tambe
WHENEVER CASH WITHDRWAL FROM BANK OR CASH DEPOSITED TO BANK
OR IF ONE ENTRY AFFECTS TOW ACCOUNT THEN CONTRA IS APPLICABLE.
FOR EG :- CASH WITHDRAWAL FROM BANK RS. 5,000/-
ANS :- CASH A/C ________DR. 5,000/-
TO BANK A/C 5,000/-
| Is This Answer Correct ? | 31 Yes | 3 No |
Answer / nitesh
cash deposit in bank 10000
bank a/c dr 10000
cash a/c 10000
| Is This Answer Correct ? | 18 Yes | 1 No |
Answer / prakash
When you receive any cash against sale of any goods.You need
to make contra entry in your A/C system like.
Dr to cash A/C Or Party A/C
Cr to cash sales
one more entry you need do when you deposit cash in bank
Cr to cash A/C or Party A/C
Dr to Bank A/C
| Is This Answer Correct ? | 18 Yes | 6 No |
Anand put Hire charges bill for Rs 185250. During the course of work we supplied diesel worth Rs 25360,paid driver battas of Rs 1050.Pl pass journal entry by taking security deposit @ 5% and TDS @2.25%as deductions from bill
Hi all of you my name is Purushottam Kumar i would like to ask this question to every user of this site.My question is 'Where does losses goes in Share Market'?
what is Bank Reconciliation?
Gross salary is 762000, PF deducted 38000, ESI deducted 6700, TDS deducted 6000, Advance deducted from staff 12000, net salary sent to bank 699300. How do we enter journal in Tally 7.2
IF CASH-IN-HAND COMES IN CURRENT ASSET(HEAD) THEN PLEASE TELL ME IN WHICH HEAD COMES "SALES RETURN" AND "PURCHASE RETURN"
Entry for the settlement of loans?
Which game is played only by women
16 Answers Infosys, State Bank Of India SBI,
outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
• What are the types of cash flows?
A furniture dealer purchased 10 units of sofa sets each costs 2500 out of which one is for shop purpose.Pass necessary entry
what is outstanding expenses
what is the nature of accounting function ?
1 Answers Karnatak University,
Audit 
