WHAT IS MEAN BY CONTRA ENTRE? & WHERE IT IS USE.

Answer Posted / ppadmapriya p

Any transaction indicating transfer of fundns fromk cash
account to bank account bank account to cash account and
banki account to bank account recorded in the cash book is
a contra entry.

Is This Answer Correct ?    12 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

PLZZZZZZZZZZZZ HELP ME FOR THE PREPARATION OF TEST JR.EXECUTIVE (ADMIN)IN ATM IAM APPEARED 1ST TIME IN THIS TEST MY TEST CENTER IS RAWALPINDI MY CONTACT NO IS 03338907330

4559


Are you comfortable with cold-calling?

623


What is the difference between Open Items and Reconciling Items on a Balance Sheet Reconciliation?

8161


8. What is the difference between: a. Direct Costing Method and Absorption Method. b. Fixed Cost and Variable Cost.

1391


i had taken one year gap in completing my graduation bcom should it be considered as backlogs i dont have any kt or anything else i have passed all exam in one trial

1561






Do you have any professional experience in this field?

634


The main financial accounting statements?

645


Do you know executive accounting?

625


when receieve cheque from a party and we deposite cheque in bank how do this entry

4215


saji become insolvant -what is journal entry

1253


In which account does the unpresented cheque will get recorded?

713


Entry Tax is Central Income or State Income. Which Challan this tax deposited ? In Sale Tax Return which column is shown this tax

1438


Why in KE5Z report in SAP Accounting Data not found?

3557


Tell me what does the standard journal entry includes?

3585


Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-

1401