Interested to Buy Any Domain ? << Click Here >> for more details...
what is the difference between contra entry and double entry?
- 7 Answers
- 30613 Views
- ACC, Capital IQ, I also Faced
- E-Mail Answers
Answer Posted / babhu kanchupalli(dms)
Every journal entry must made based on the accounting principles.
Every entry has dual aspect contra entry is not exceptable. Of course contra entry is also a journal entry but every entry can not be a contra entry.Contra entry has an unique quality i.e it takes place in both sides of the accounts but not an every entry.that is the unique difference which makes the contra entry to be separated from the other.that is the difference......
| Is This Answer Correct ? | 0 Yes | 2 No |
Post New Answer View All Answers
what is journal entries for Vehicle loan settled with bank after Sale of the vehicle on profit or loss in case the party paid check direct to Bank .......???
Can you tell me entry tax will be applicable on Spectacles purchase from u s a
how pass journal entry in the month ending for input vat and out put vat
Explain me where a cash discount should be recorded in journal entry?
What is the difference between cfa and csa?
service tax calculated on agreement value or market value whichver is higher for builders?
What are the important things to be remembered while preparing a bank reconciliation statement?
What is dd and a in oil and gas accounting?
Other accounting interview questions to expect when you interview for an accountancy job include:
What are the accounting entries for branch accounts?
what are the extraordinary items?
please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com
i wana give an interview as sr. excise officer what r the question will asked by interviewer ??? Please suggest me so I can clear inteview.thank u
As you know any other accounting application?
Explain what does financial statement of the company includes?
