Contra entry with example?
Answer Posted / bhanu
from bank to bank transactions or cash to bank transactions
are enter as contra onlyin tally versions
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A company acquires new taxi fleets on 1April 2006 with intention to provide services during the World Cup period and thereafter dispose the taxis .The World Cup runs for three months to 30 June 2006.The company's year end is 30 June 2006.how do you account for taxis at initial recognition .
Which entry we pass self entry like cash withdraw for ourself
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What is the Finalization of Accounts?
Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
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Suppose the production is more and sales less then what will happen
Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com
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distinguish between Bill of Exchange and Promissory Note
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