What is contra entry?

Answer Posted / swetha

this can be seen in three column cash book when the
transaction happen between company cash and bank.

ex:company deposited cash in bank

Is This Answer Correct ?    10 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

where to show Preliminary expenses except "Statement of changes in working capital" in Fund flow statement?

3547


What is batch input? why we use batch input session in SAP(FICO)?

4884


Can you tell me entry tax will be applicable on Spectacles purchase from u s a  

1451


explain the relevance of closing stock account in trading a/c when preparing the gross profit?

2080


Are you comfortable with cold-calling?

632






What is the difference between the accrual accounting and cash accounting?

648


my brother is out of country i have lost his bank passbook when i was going to bank for the entries is their essential to take duplicate pass book can my brother is present for this.

1143


Do you know any other accounting application?

639


what are the limitations of accounting ratios?

620


Tell About ur self what will i say plz help me

2048


Tell me what is public accounting?

642


What are source documents in accounting?

648


What is departmental accounting? Give an example

666


Can a company deduct TDS & provide TDS certificate for a bill without actually making payment towards the same??

1542


How to prepare finalization accounts?

720