Answer / urmi

Contra entry means either cash deposited into bank or withdraw from bank,contra entry has two effects one is debit and other is credit.

Answer / uttam.847

This is transaction between coustmor and bank , it recorded
when cash deposit or withdrawn.

Answer / mudunuri

Contra means transfer of Funds position. Example. cash deposited into bank means Cash was taken from cash source and deposited in bank. It means cash balance will be tallied with cash at office and cash at bank

Answer / vasu

If a transaction requires on on both side (debit,credit)
account then it is called contra entry.

Answer / rupali sawant

When cash deposited in Bank OR cash withdrawn from Bank
thease types of entry make in to conta voucher.

Answer / kuldeep singh

Contra Entry means Bank to cash, Bank to bank transtion.

i purchase a vehicle rs 500000,including vat 5% , registration fee rs 40420 and insuarance fee 18500, after the use two year i sale it. how to calculate it cost? what entry in tally?

2 Answers  

Tell me what steps would you take to increase revenue for this company?

0 Answers  

Can we pay bonus to employees out of Reserves?

3 Answers   UltraTech,

What is the mean of capital in account

5 Answers   Syntel,

journelising the following? dpereciation of plant & machinery rs 30000/- interest accrued but not received Rs 15000/- prepaid insurance Rs 10000/- drawings of cash Rs 5000/- withdrew goods for personnel use Rs 2000/- what is cost centre? How do you verify the correctness of material control system? How many directors are required at a minium for Private ltd and public ltd companies? How do you compute the following ratios? current ratio net profit ratio gross profit ratio debt service coverage ratio sales turnover ratio

3 Answers  

what is an accured account ?

6 Answers   Genpact,

What u know abt mutual funds?

0 Answers   Franklin Templeton, icl, Syntel,

Explain the role of working capital in capital budgeting?

1 Answers   Capital IQ,

As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?

0 Answers  

Can you name any other accounting application?

0 Answers  

Tell me the stages of double entry system?

0 Answers  

examples of real accounts

3 Answers