what is a contra entry how it is passed in journal and cashbook

5 Answers  

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entries of Bills in advance and bills in arrears?

1 Answers   IBM,

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Mr X has invest Rs.150000/- from his saving bank a/c for fixed deposit after maturity he received with interest amt Rs.165000/- He requested bank to renewed the same excluding inst amt.Bank after deducting charges credit the insterest amt to Mr. X a/c..pass the Journal entry in the books of MR.X

2 Answers  

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short note on capital expenditure and revenue expenditure.

1 Answers  

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What is CMA Data? Explain in detail.

14 Answers   Garware, KK Capital, MR Constructions, nsdl,

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Where does TDS payable & receivable appear in the books of accounts

5 Answers   Northern Group,

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Actually we had Posted P.V.C bills to Indian Railway the total bills amount is Rs.10,00,000/-, and government had passed only Rs. 8,00,000/- and gov. had said that there are no more P.V.c bills are lying outstanding in their a/c, so for now are claiming Rs. 2,00,000/- as loss on sale, i m totally confused what would be the impact on the Profit and loss a/c , and in which group it will come,if I do a entry of:- dr. Central sale @12.5% a/c Rs.2,00,00/- Cr. Loss on sale a/c Rs.2,00,000/- or Will i adjust the Cst@12.5% on Pricipal Value, or will i pass on the entry on total amount i.e Rs.2,00,00/- Plz guide,me soon.

4 Answers  

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We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?

0 Answers   Vini,

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what is debenture.?

1 Answers   MNC,

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Expand-------RGD

2 Answers  

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All shot cut key use in the tally software & it's uses

0 Answers  

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What is the difference between Depreciation charged in P&L a/c and the Depreciation deducted from Assets' value in Balance Sheet, in an accounting period?

2 Answers   ABC, Thomson Reuters,

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