Contra entry with example?
Answer Posted / tabrez
When both Cash & Bank account affects at a time them contra
entry is pass :
e.g :-
Cash 2,000/- withdrawn from bank for petty cash,
entry :-
Dr. Cash a/c 2,000/-
To, bank a/c 2,000/-
| Is This Answer Correct ? | 157 Yes | 35 No |
Post New Answer View All Answers
What is 100% EOu? what is the benifit and what is difficulty of it?
Short Answer on ___________Appreciation
Short answer on Amalgamation
What is the Memorandum voucher?
Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?(any 1 answer) Currency Account group IBAN VENDOR ACCOUNT NUMBER
My balance sheet is tallied. But there is a difference of RO 1 in cash flow. How to adjust ?
can anybody send me interview question&answer to me in accounts and finance and income tax....my mail.id...jagathis1986@gmail.com
Name the Accounting Concepts
hai everybody... wish u all the best for those who got selected in sbi associate bank is anyone from coimbatore region attending on 27th may 2009.
what is non stock?
what is ment by master in tally?
Received cheque Rs 250000 which is exclusive of 5% Security deposit 2.24% income tax and i% miscellaneous recovery. Pass necessary entry
what did you mean by cash credit limit account ?
What is Insider Trading ?
what is the meaning of (PDD’s, DOD’s, CFR’s,) based on understanding of the business process