Bank a/c....Dr.
To Debtor's A/c
Is this journal entry a contra entry?
Answer Posted / veena
No this is not a contra entry this is a receipt entry
In contra we have to enter only the transaction between owner and the bank for example
withdraw from the bank, deposit to bank to his account
but debtor's is a third party to bank
Is This Answer Correct ? | 11 Yes | 3 No |
Post New Answer View All Answers
Process of the settlement cycle?
hi to all i have also cleared sbi exam and my interview is on 26th may 2009.can any one help to prepare for interview
Expand ________FOR
Distinguish between sale and consignment
What is meant by retiring Bill
how many schedules are there in accounting?
purchase car from toyota innova 50000 cheque from one firm and 449893 from other firm.... and 1350000 loan saction from kotak mahindra.....how can entry make with interest
Why you want to leave your present job while they offer you with good offer?
What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?
Can I freeze my account?
income from depreciated asset is profit or loss?
selling price = shs. 200, variable overhead-selling per unit= shs 80, variable production cost per unit = shs 60, fixed selling cost = 2,840,000. the production capacity of the project is 200,000 units. required P/V ratio, BEP and margin of safety
Plz Give the Inventry Accounting Procedure 1.Domestic Purchases ( VAT,CST,& Excise) 2.Import Purchases ( Direct Expences & Excise ) 3.When Will the Price Diffrence Entry Happen? 4.Cash Discount & Trade Discount On Purchases? 5.Domestic Sales ( VAT,CST,& Excise) 6.Export Sales ( Customes ,Excise ) 7.Cash Discount & Trade Discount On Sales?
Iam selected for final round of interview in IDBI bank for asst. manager post. Can any one help me in knowing what kind of questions will be asked in the interview and how should i prepair?
Can any one explain me how profitability analysis s implemented in Sap & tell me which tables get effected by this... i want to know about copa_derive msgtypes also...