define contra entry?

Answer Posted / suresh

ENTRY WHICH IS RECORED IN CASH BOOK AND PASSBOOK IS CALLED
CONTRA ENTRY.

Is This Answer Correct ?    5 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the nature of profit and loss approprition account.which entity prepare this.

1425


Is it possible to change the accounting period under Indian GAAP from 1/Apr-31March to 1/January-31/December? There is any restriction in doing that, i mean for example for fisal purposes? Thank you all!

4375


what are the charecteristics of cost accounting financial accounting managment accounting payroll accounting environmental accounting h r accounting forensic accounting inflation accounting?

1453


Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?

1431


sir I heard from some body that he received more money than requested in an ATM.Is it possible, if yes what is the remedy ?

1485






Assigning natural account to accounting seg. What will happen

1599


wat is mass allocation and when it is used

1613


Cash bill of sale so the company can deduct the amount.

1633


we have a bill for billing software modification, i want to know that which head post this entry in tally & also tds applicable or not.

1597


What does overhead mean in regards to accounting?

652


Define social responsibility accounting

627


GOODS LOST BY FIRE 100 RS, INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT- Journal Entry

1785


could i know how to accounting lease intrest ?

1496


The main financial accounting statements?

648


Why have you applied to our firm?

628