What is contra entry?

Answer Posted / jagdish

the transaction from bank to cash and cash to bank is
called contra entry

Is This Answer Correct ?    56 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Revenue Expenditure

1615


Tell me what is “deposit in transit”?

571


What is band and why the company needs this?

1533


Do you know what is balance sheet?

593


HOW DOES THE ROLE OF THE MANAGEMENT ACCOUNTANT COMPLIMENT THAT OF THE FINANCIAL ACCOUNTANT

1500






Tell us what do you believe should be an important quality of an account executive?

530


iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above

1506


Do you have any idea about gst?

588


Hai Experts can any one send me some finance interview questions ,my mail id is c.sujatha2008@gmail.com,please send quickly it's so need.

1387


What does the word credit mean in terms of accounting?

628


What is trial balance? What does an accurate trial balance suggest?

586


What is diffrence Between GPF and EPF?.. can anybody explain..?

1627


what is the D.V.T. rate from 1/10/2009

1553


WRITE ABOUT ANY 1 "WOMENS ARE BEST MANAGEMENT PERSON" "IF UR FINANCE MINISTER OF INDIA" "V R RESPONSIBLE FOR OUR ENVIRONMENT"

1885


Do you know what qualities and skills make an account manager successful?

638