what do you mean by contra entry? and where it is used?

Answer Posted / rajesh

contra entry means the entry which occurs both debit side
and credit side in the three column cash book is called
contra entry.

Gennerally entry occurs in three column cash book

Is This Answer Correct ?    34 Yes 21 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the analytical way of accounting?

1747


Why we reconcile our debtors? what steps we taken during reconciliation.

1598


how to calculate share values of a company.

1674


What is the Memorandum voucher?

9942


which name written in Tan application form Applicant is sole proprieter companies name or individual name?

1471






is it possible that on dealer of work contract can opt composition and non-composition both scheme in dvat?

1586


What does my credit score mean?

1491


what is controlership?

1869


Expand---------MNOP

1584


what is meant by qurum

2012


What is Accounting on Computers

1565


Expand---------MDOT

1562


HOW TO CALCULATE ESI,P.F,VAT,I.TAX,EXCISE,C.S.T.REFUND CLAIM, E.T.C. IF YOU KNOW ANY OF THIS PLASE REPLY

8665


Short answer on Allowances

1497


what is CDD’s configuration

1767