What is Contra Entry?

Answer Posted / a.santosh

which accounting entry is recorded on both the debit and credit side of the cashbook is known as the contra entry.

Is This Answer Correct ?    1 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?

1785


Define Salry for the following purpose 1.To calculate HRA

1735


WHAT IS CORPORATE ACTION?

1615


My balance sheet is tallied. But there is a difference of RO 1 in cash flow. How to adjust ?

1528


Plz Give the Inventry Accounting Procedure 1.Domestic Purchases ( VAT,CST,& Excise) 2.Import Purchases ( Direct Expences & Excise ) 3.When Will the Price Diffrence Entry Happen? 4.Cash Discount & Trade Discount On Purchases? 5.Domestic Sales ( VAT,CST,& Excise) 6.Export Sales ( Customes ,Excise ) 7.Cash Discount & Trade Discount On Sales?

2828






can you define exogenity endogenity both terms are from economics both are different from exogenous & endogenous variables. I can not find the answers. please help if you can....

1763


how to entry in tally for other person check received

1432


why do you want to work here?

1688


which kind of expenses or Income will come under direct expenses or Income ?

1598


What type of question generally asked in Brokerage Firm ?

2387


what types of essays are giving in bank of america. can any one tell the opics? LAVANYA

1587


Expand ________FOR

1721


How to reconsile vendor accountswhat to add and subtract is there any standard form please get me answer

1205


What is cash clearing account

1398


In sales what rule applicable

1428