Interested to Buy Any Domain ? << Click Here >> for more details...
what do you mean by contra entry? and where it is used?
- 34 Answers
- 110163 Views
- Accenture, AXA, L&T, I also Faced
- E-Mail Answers
Answer Posted / naveen kumar.karumuri
HERE CONTRA ENTRY MEANS-WE WILL DO THE BANK TRANSATIONS IT
NEED TO PROPOSE IN ACCOUNTING POINT OF VIEW PREPARED "THREE
COLUMN CASH BOOK" CONTRA ARISES IN 3 SITUVATIONS
1.CASH DRAWN FROM THE BANK
2.CASH DEPOSITED INBANK
3.CASH USING FOR PERSONNEL USE
THEN THE POSTING IS
1.CASH DEBIT BANK IS CR
2.BANK IS DR CASH IS CR
3.CASH IS DR
CONTRA IS SITUVATED IN ABOVE 3 TRANSATIONS
THANKING YOU,
NAVEEN.KARUMURI
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
Expand--------TOS
How can retify the errors in the trial balance
why do we charge the depreciation
How can a company reduce profit
Expand-----RTD
What is the important of cash in a business unit
explain the financialand economic meaning of investment?
Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.
I have been interview in next week my posting is accounts officer i have be manage with AP,AR,BRS and GL what Books i have read.
what is organic profit? and how it is calculated?
how a fund flow statement benefit the individual, corporate?
I have a existing Oracle applicttions and need to bring one of the new business on it. The new business will use GL, AP and FA. We will use existing COA. This business will have 3 sets of books (1- tax book, from April to March; 2- Primary book, from July to June; 3- Reporting book, from July to June); All books will have same currency; HOW DO I TRANSFER DATA FROM PRIMARY BOOK INTO TAX AND REPORTING BOOKS EVERY MONTH OR ON WEEKLY? IS THERE ANY STANDARD ORACLE PROCESS WHICH CAN BE SCHEDULED? THE REPORTING BOOK WILL HAVE DIFFERENT DEPRECIATION METHOD SO HOW DO I NOT TRANSFER DEPRECIATION FROM PRIMARY TO REPORTING BOOK AND DO SEPERATE DEPRECIATION IN REPORTING BOOK FOR THE SAME ASSET THAT IS ALSO IN PRIMARY AND TAX BOOK?. HOW DO I APPROACH ON SETTING THESE NEW SETS OF BOOKS? Thanks, KK
HOW MUCH LATEST ACCOUNTING STANDARDS , TDS RATE , INCOME TAX RATE, EXCISE , VAT , SERVICE TAX & FBT RATES? (PLS. ARRANGE TO SEND THE RATES FOR ABOVE IN CATAGORY & LIMIT WISE)
Is commodities transaction tax a permissible business expenditure? Explain
How to Calculate Mortgage?
