Answer Posted / h.r. sreepada bhagi
Contra entry is passed to effect transactions in Cash & bank
Book whenever there is cash withdrawal from or cash deposit
to the bank.
In case of transfer of funds between 2 bank accounts or 2
separate cash accounts (like Imprest Cash Account & main
Cash A/c) Contra entry can be passed.
Is This Answer Correct ? | 6 Yes | 2 No |
Post New Answer View All Answers
Define depreciation and its types?
is WCT aplicable on educational institutions also??????
I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me.
What are assets minus liabilities?
Tell me what is public accounting?
cash with drawn from bank with issuing self check vide ch no.123456 how to enter in sap. please send answer anyone this is very helpful to me
Recent banking question for 2015 interview for scale2 exam of sbm
what is "goodwill" reserve and surplus and reserve with example
wat is mass allocation and when it is used
What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,
hi m freshe working as a account assistance. i want know about accounts, what is balance sheet, profit & loss a/c, trail balance? why these are require to company? how can i know about full account work in tally? what should i do everyday? how to finalisation calculting? kindly explain please..
what are doucement required under registration of properity firm. give the answer breif
when receieve cheque from a party and we deposite cheque in bank how do this entry
Particulars Dr Cr Capital 10,000 Machinery 3000 debit 2500 1400 sales - 14,500 drawings 900 purchase 9500 wages 5000 bank 1500 Opening balance 2000 rent 450 salary 200 carriage 150 total ___________ _________ 25,900 25,900 ____________ ________ how to find closing stock as on 31st dec,1998. wages outstanding 200/- sunnery expenses outstanding 100/- rent prepaid 100/-
HOW WE MADE ENTRY OF SURCHARGE ON VAT PURCHASE IN PUNJAB