Answer / praveen kumar

contra entry is use in two conditions only cash with drawn
from bank for office use only

2. cash deposited in to the bank for office use only

Answer / k k ganguly

Conta is Entry Which is use that time when Cash Withdrow or
Deposited into bank. its passed on the time of cash
withdrow cash book is dr & Bank a/c is Cr Simple

Answer / balaji

contra entry is one where there has to be two corresponding entries for one transaction. when cash is deposited into bank, bank balance increases and cash balance decreases. in a multi column cash book, two corresponding entries has to be passed.

Answer / srinivas annavarapu

Contra entry is that where there will not be any effect in
TB.

For ex: Cash of Rs.1000/- deposited in Bank
in this case cash balance is decreased by Rs1000/- and at
the same time Bank balance is increased by Rs.1000/-. As
such there is no difference in your liquid balance.

Answer / vijay bhaskar reddy(vijji_tv@y

It is the entry which effected the both sides in cash book.
It is occured in three times, i.e., 1.Cash deposited in to
bank, 2.Cash withdrawn from the bank for office use, and
3.Receivable cheque deposited in to the bank in another day.

I am pursuing MBA in finance and I am having the work experience of 2 years as a customer support executive in Lg electronics. So,Please suggest me whether I can show this experience at the time of interview or not?

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The Bad Debts figure in the trial balance is 170. The following info is to be taken into account: A provision for bad debts of 5% of debtors is to be created

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what is the refund?

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How to calculate salary structure( PF, ESI, Gratuity, CCA, HRA, etc)

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How much is the need for journals in accounting?

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In p&l account where does miscellaneous expenses comes

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who audit the audit firms?

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Expand-----DRM

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The Closing stock balance on the cr side of Tarding Proft and Loss A/c due to this our revenue so when we isued the material or used in production then whats happen with closing stock(I think Closing Stock will dr after Isuabce/use materil in Production)if its correct tell me

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CAN A PERSON OPEN A PERSONAL CURRENT ACCOUNT IN BANK FOR PERSOANAL TRANSACTION.

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What is Working Capital Management ? Give the formula for it

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EXPAND_________SEWAS

1 Answers  

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