What is Contra entry?

Answer Posted / satyaki_raju@yahoo.com

Contra is transfering the cash position from Cash box to
bank account and bank account to cash box

Is This Answer Correct ?    4 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

are there any sub-types of the 4 main types of bank accounts ?.........if yes what are they?

1991


Give me the asset revaluation (at the time of asset value increase & decrease) journal entrys?

1661


Is TDS applicable to Voice Over IP(VOIP) service to an India VOIP service provider? please provide the related acts and case studies.

1773


write about an e-mail to manager seeking permission for leave

4356


Expand-------SNAT

1508






PO Amount is 100000 Jv is Purpose A/c To Party A/c First payment is 10000 TDs is 1000 What is the Payment enter in tally

1764


what do you mean by jounal voucher? Jounal entry for dishonored cheque can be possible thruogh jv?

1720


helo sir, i want to know the writen exam pattern for finance and accounts ang general apptitude test of ongc.

1591


What was use of tally erp 9? Types of vat?

1179


I have been interview in next week my posting is accounts officer i have be manage with AP,AR,BRS and GL what Books i have read.

1565


explain sales/purchase accounting?

1749


While posting of FB50 entry therE showing errro msg " NOT ASSIGN COMPANY CODE OR CALCULATION PROCEDURE"

1525


Can I freeze my account?

1686


What is the treatment of Capital Work in Progress as per the International Accounting Standards.

4427


can u let me know how the bankers calculate interest on O.D.account

1498