which a/c affect by contra entry
- 5 Answers
- 6043 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / shaik.sikander pasha
contra entry come in 3 ways.
example: customer deposit in bank it is a contra entry,
customer with draw from bank it is a contra entry,
customer deposit self it is also contra entry,
journal entries for dis 3 r same.
bank a/c to dr
to cash a/c
plz repl dis answer is correct r not to my email
plz ill bee so thankful to u r my friends.
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / vivek mohan nair
cash to bank or bank to cash is contra entry.So definitely cash and bank account will get affected. In most of the account bank and cash comes so it also affect that account also simple. like trial balance , balance sheet etc.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / bhagirath kularia
1. blance sheet
2. p/L A/C
3. CAPTIAL
4. TRIAL BLANCE
| Is This Answer Correct ? | 1 Yes | 5 No |
Generally which method companies follow in stores? Like (FIFO,LIFO,Simple AVG,Weight AVG...)
What experience have you had in fixed assets accounting?
What is derivative?
What is Deferred Capital Expenditure / Deferred Revenue Expenditure
if 9+3=722,5+7=536,8+6=845,4+4=613,then what is 7+2=???
Expand---------SDRT?
what is IPO
i am new to Tally ERP 9. i have a problem facing the negative stock balances for few items. now i want to know, how do i write-off/adjust in Tally and make them NULL/Zero as at 31/12/2011, so that they don;t appear as 'negative' as the opening bal. from 1/1/2012..i have used the physical stock entry screen for the differences stock items. but for those item whose balances is simply Negative appearing from previous years for may be several reasons, how to deal with those? thanks in advance for any help..
Expand L S T
What do mean by sales ledger and sales account
expand I R
Discuss the role of cost accounting in managerial decision making?
Audit 
