What is a contra entry
Answers were Sorted based on User's Feedback
Contra entry is one which is recorded in the both side of
the Three column cash book by indicating capital 'C'in L.F
column. It is recorded only when on of the below entry is
happend. Such as
1. When cash deposited in to bank.
2. When cash withdrawl form bank.
Is This Answer Correct ? | 26 Yes | 0 No |
Answer / n.upendra
Which accounting entry is recorded both sides (Debit and
Credit)of cash book that is called as contra entry i.e
1.Cash deposit in bank
2.Cash with draw from bank
Is This Answer Correct ? | 6 Yes | 0 No |
Answer / ghanshyam roy
contra entry for only self co. transaction for cash and
bank. i.e
1. cash withadral from bank
2. cash deposit in the bank
3 transfer from one bank a/c to another banka/c
Is This Answer Correct ? | 6 Yes | 2 No |
Answer / rajesh jain
There are four type entry will be done..
1> B2B (Bank to Bank Transaction)
2> B2C (Bank to Cash " )
3> C2B (Cash to Cash " )
4> C2C (Cash to Cash " ){petty cash)
Is This Answer Correct ? | 1 Yes | 0 No |
What does the standard journal entry includes?
work in progress for a construction company this year is Rs.5,00,000/-.In balance sheet Rs.5,00,000/- will be debited under current asset a/c but the credit would under which account.and next year what will be the entry.please answer me in detail.
What is the meaning of contra entry
i have puchase a vehicle on 1st of jan 2006 for Rs 40000 and charegd depriciation @25% P.A and sold vehicle on 31st of dec,2009 RS 10000 what are the general entries related to this question.
Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?
Explain me fair value accounting?
what is deferred income & deferred revenue expenses
What request submit to convert Expenses Report to Invoice
Recall a time when you faced a dissatisfied and aggressive customer. How did you handle it?
If i have started a new institution than what are the entries i have to passed in tally
what is the difference between journal entry and ledger
what is the difference between 'quotation' and 'proforma invoice'?