Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / ammu
In the three column cash book there will be some cross or
contra entries i.e., transfer of money from cash to bank
(amount deposited) and vice versa (amount withdrawn from
bank for office use). In all such cases both entries occur
in the cash book and no ledger entry is required. This is
indicated by a contra sign (C) in the folio column
indicating thereby that the double entry aspect of this
transaction is complete and it requires no posting to the
ledger.
"Deposits in the bank of cash: debit bank column 'To Cash'
and credit the cash column 'By bank'."
| Is This Answer Correct ? | 3 Yes | 5 No |
Post New Answer View All Answers
What is the abbreviation for the accounting terms debit and credit?
Do you know what qualities and skills make an account manager successful?
what is accounting cycle ?
Can we Put "TAX INVOICE" in the sale in Transit (E1) Invoice.
Scope and nature of Accounting
Describe the advantages and disadvantages of the different accounting packages/systems you have used recently in your accountant jobs
Explain how you can adjust entries into account?
What are the activities that are included in the cash flow statement?
how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.
how to pass this entry in tally? Dear Sir, I have just started learning tally . I am practicing tally. and I am following 11th Std book for practicing. Please help me with the following entry. I know dr and cr part but having problem in grouping. Please Help. Introduced goods of Rs 10,000, cash Rs 15,000, furniture Rs 5000, debtors of Rs 1000 and commenced business. What will be the entry and group for each ledger. Please Help.
i am indrani,iam siting for a/c assistance post of muthoot finance..so my question is what kind of question they may ask related to a/c or finance?or other than subject what question can be asked like why do u want to join this co etc.. ?
how to geting finished goods cost with included it's all BOM and all production order cost in sap?
MEANING OF RED HERRITING
what is windows dressing final accounts?,sales a/c belongs to which a/c type?
Why have you applied to our firm?
