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

Answer Posted / yash

two types of conta entry
1. cash deposit into the bank
bank a/c dr
to cash a/c

2. cash withdraw from bank
cash a/c .d/r
to bank a/c

Is This Answer Correct ?    20 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What was your most rewarding accomplishment of your career and why

2935


is replacement of DVD writer come under fixed assets. I think that it cannot increase earning capacity or it cannot any separate identity.please clarify me

1778


Should the duty of creating a purchase order be segregated from the duty of creating a vendor?

1744


Define decommission liability?

745


what is the PRPOER way of accounting salaries ETF EPF

2282






what is the reason for controls in an IS environment?

1596


How I can evaluate the internal control audit?

733


what percent of wages calculate from sales of a firm (registered under manufacturing of machinery spares) sales (appr)- RS.10000000/-

1510


what are procedure we need to do at the time ACTO VISIT FOR AUDIT OF VAT .

1771


Audit strategy based

2032


Explain different functions of internal audit?

704


How would you describe your management style

1818


How to involve people in audit?

710


vat on liquor vat on food ? vat on bevrages ? vat on tobaco? vat on gold?

1766


Explain what are the different functions of internal audit?

670