what do you mean by contra entry? and where it is used?
- 34 Answers
- 100225 Views
- Accenture, AXA, L&T, I also Faced
- E-Mail Answers
Answer Posted / gayathri
Contra entry refers to entry passed for the transaction
which affects both bank & cash Ledgers and the entry should
be posted to both cash and bank.
In Tally Contra Vouchers included only Ledgers related to
Cash and Bank, & allowed enties related to bank and cash
only eg: Transfer from 1 bank to another bank, Depositing
to bank, withdrawing from bank, & transfering of cash to
petty cash.
| Is This Answer Correct ? | 189 Yes | 29 No |
Post New Answer View All Answers
whts is the meaning of over cost and under cost, what is difference ?
I want to know with example of vat & Salestax
Is advance paid wages has credit balance?
what is finance what is bpo why do u want join a BPO types of process in BPO Company's
what is the main difference between nse & bse operations
Could u show me the sample TDS Document / Template
sir,how to get strong position in finance .how to get good position in company. qulification.Msc,MBA
we are run construction (residence & commercial)last year we are sale 4 flats (16 flats apartment) registration value example:10.75 * 4 = 43.00 but we are collected from customers 45.00 total so 45 - 43 = 2.00 this amount we are booking additional agreements work amount (income)because we are standing sub contractors expendeture side 2.00, we are service tax paid or not ?
how to calculate stt
Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
A company produces and sells 12500 units of Commodity X at Rs 50 each. The variable cost of the production is 20 % of selling price. Fixed cost being Rs 100000 per annum. Calculate the PV ratio and BEP if. The selling price is reduced by 5 %. Fixed cost is increased by 2 lacs
what are all the formulas used in bank to calculate their economy
Dear Sir/Madam, Executive Trainee...Finance I had been called for NTPC Group discussion and GD please guide me for getting success in GD and interview...
can any one tell me what kind of qns are asked in gail entrance test. i m apearing for the exam of accounts & finance. please let me know the ans on my id pragneshmall1@gmail.com
What is finance lease
