what is a contra entry how it is passed in journal and
cashbook
- 5 Answers
- 10773 Views
- I also Faced
- E-Mail Answers
Answer Posted / praveen kumar
contra entry is use in two conditions only cash with drawn
from bank for office use only
2. cash deposited in to the bank for office use only
| Is This Answer Correct ? | 13 Yes | 3 No |
Post New Answer View All Answers
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet
How do you manage the sales account in tally
We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............
Dear Friends, Please help me with the below, I am new to the current company and newly accountant. My question is, In Balance sheet, Cash in Drawer is showing excess amount and I could not tally it with sales. Please guide me how do I need to tally CASH IN DRAWER? I don't want to reconcile. I only want to tally. Please help. Thanks in advance.
How Can Pass Credit Limit Entry If We Take Limit Of BANK I Maintain Of Account In Tally.ERP9 Than We Create Bank Ledger of Which Under
Short Answer on ______Budget
Short Answer on _________Business
please send me last 3 years question & solution
hi.this krishan .i m slect in axis bank for executive. when i sposse to join
about tally erp9
WHAT IS THE DIFFERENCE BETWEEN PUBLIC COMPANY AND PRIVATE COMPANY? MUTUAL FUNDS? GOOD WILL? ABOUT YOUR PROJECTS?
What is TDS entry for a Firm? as previous years TDS is shown as opening balance in the books of the firm in current year and i don,t want in C.Y as its claimed in the Computation of Previous Years???? So what is the A/C ing entry
define drawer or maker
what do u mean by comparative budget?
