Bank a/c....Dr.
To Debtor's A/c
Is this journal entry a contra entry?
- 5 Answers
- 4282 Views
- I also Faced
- E-Mail Answers
Answer Posted / veena
No this is not a contra entry this is a receipt entry
In contra we have to enter only the transaction between owner and the bank for example
withdraw from the bank, deposit to bank to his account
but debtor's is a third party to bank
| Is This Answer Correct ? | 11 Yes | 3 No |
Post New Answer View All Answers
what is differred tax liability? explain in detail with some example.
Which document should be attached with purchse & sales invoice?
What is intangiable asset?Which contents are to be verified during cheking the Transporters' bills?
how to do the recurring entries or steps to follow that
difference betwwen the 4.6 & 4.7 ecc versions
What is the defination of job costing, batch costing and contract costing?
Paid office electricity charges Rs 15000/- and Ram partners residence electricity charges 1250 thr andhra bank cheque
what is joint venture?
What are the different payrolls? how we calculate the exmployee payroll? how we calculate the employee salaries details?
plz send me hsbs finance questions asked in the interview ans appitude also
Where the Cost of labour, Material used and sales scrap (if sales given)get effect in balance sheet
What is the meaning of Receipt & Payment, Income & Expenditure, Profit & Loss A/c? Under What cercumstances these are prepared?
An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?
If its is declared by auditor that business is not going concern that what journal entry will be pass?
sir,how to get strong position in finance .how to get good position in company. qulification.Msc,MBA
