What is Contra Entry?

Answer Posted / mukesh prajapati

when the transaction of the cash capital flows from one end
to another end as remain same but it is entered in both
side of the cash book due to flow;i.e cash to cash,cash to
bank transfer,bank to cash,bank to bank ,it is called
contra entry.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

can any one send me payables real time scenarious or any projects

1636


paid two years rent N1200, bought Motor van for cash N3000

1586


Being BE student why you want to join bank?

1869


If we spend a sum of Rs.10 Lacs towards Processing and Upfront fee for obtaining working capital term loan. can we treat this amount as a deferred revenue expenditure or not

1588


What three Specific Job Positions do you target from the Industry

1956






How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?

2171


what are responsibilities of an accountant in a company?

1763


What is the use of final account?

1395


what is the meaning of call in arear

1985


For the production of 10,000 units the following are the budgeting expenses: Per Unit Rs. Direct materials 60 Direct labour 30 Variable overhead 25 Fixed overhead (Rs.1,50,000) 15 Selling expenses (10% fixed) 15 Variable expenses (direct) 5 Administrative expenses (Rs.50,000 fixed) 5 Distribution expenses (20% fixed) 5 Total cost of sales per unit 160 Prepare the flexible budget for the production of 6,000 , 7,000 ,and 8,000 units of production

2245


how to do finalisation account ,pls tell me step by step ?

2045


what are the type of cash flows?

2280


sir i am working consruction company.we have 4 projects in varrious places.i enter attendance in payroll by project wise.if enter autofill salaries combained all projects.i want individual salaries base on attendance feeding method.because staff are changing in one project to another project offenly.please explain method

1905


My BASIC Salary is 18,000

1259


Expand ________FOR

1721