What is conta entry

Answer Posted / arjunanag@rocketmail.com

contra entry is nothing but " cash transactions with bank
like deposit or draw from bank " its called contra.

Is This Answer Correct ?    3 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Short Answer on _________________City Compensatory allowance

1519


Placed an order with Mani for supply of goods worth Rs.5000/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?

1600


am attend to bank exam(iob)pls send model questions

1623


what are the different causes for discrepencybetween the balance of cash book and pass book

1461


What is the content of purchase order? n content of voucher? what is the main use of voucher.

1525






where is suspense entry is entered in tally erp9

996


do we have to learn all the shortcutkeys in tally.i am from non commerce background ,where should i start from.

1542


IS ACCOUNTING MBA AND FINANCE MBA SAME OR DIFRENT

1480


The Closing stock balance on the cr side of Tarding Proft and Loss A/c due to this our revenue so when we isued the material or used in production then whats happen with closing stock(I think Closing Stock will dr after Isuabce/use materil in Production)if its correct tell me

1534


what is article of association? what is memorandum of association?

1859


what is Exposure ?

1507


give me only one transactions in both side (debit&credit) should be in real accounts

1735


sir, i am working recruitment con.pvt ltd inthat one person salary will pay per month Rs.28000/- so i want to enter in our books only one salary payment or basic pay and spl.aa and others like this break up entrys we will pass please suggest

1815


Expand----------SAMC

1610


When is a dedit note raised When is an expense booked

1690