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Cash 2,000/- withdrawn from bank for petty cash,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
Define `Realisation` Account? Explain the salient features?
which is the combine entry in ERP?
Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note
What are the things are not Included in Annual Reports?
what is Journal Entries?
What do you mean by Adjustment
What is Going Concern, What is Dual Entry , What is Business entity and what are the names of Stock exchanges and currency of some countries, stock market related questions, Exchange rates, Banks and other informations
Have you worked with other on team endeavors
which are the basic princeples of accountancy... with examples
why you choose accounting as your career ? ?
Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
i am the student of icwai (intermidiate) What is the tds and how use the different state ..
How you implemented a chargeback system?
What do you think you do well?
what is internal audit