What is the meaning of contra entry
Answers were Sorted based on User's Feedback
contra entry is one type of accounting entry, which is used
when we make transaction in between bank to bank, and bank
to cash.
| Is This Answer Correct ? | 23 Yes | 2 No |
Answer / laxmikant
Quantra entry means the transaction between bank to bank
and cash to bank.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / naresh babu
Which accounting entry is recorded on both the debit and credit side of the cash book this is called as contra entry
| Is This Answer Correct ? | 0 Yes | 0 No |
Can u please give me a proper example of how genral entries of depreciation are recorded like if depreciation expense is ONE HUNDRED and acc.dep is two hundred how we will record that?
What are the different branches of accounting?
If balancing account is not assigned to company & is assigned to department wat will be the effects
sir what is the depreciation and how to calculate depreciation as per company books, i need as per IT ACT, AND Companies Act give me clarification with example
Mention in simple terms what is the difference between asset, equity, and liabilities?
how to deduct tds on income from other sources with examples
3- Does petty cash book link to cash book, explain?
An amount of $287 written off as a bad debt in a previous accounting period was received from photo services. How to pass the journal entry?
Purchase order value Rs. 10000/- 0.7% is erection chareges (inclusive of the above price) central Excise applicable & Local sales tax applicable,The above price is inclusive of all taxes.
Explain deduction from house property income U/s (24)?
What do you mean by Accounting ?
You are a senior level manager in a large company: • List and explain the types of accounting information that are important to you and your staff when making decisions. • Explain how your managerial accountant uses technology to develop and communicate this information throughout your large company.