Answer Posted / sridharan
As per the Accounting Principles, a Contra entry is a transaction involving transfer of cash between one Cash A/c to another or one Cash A/c to another Bank A/c i.e., is a transaction indicating transfer of funds from Cash account to Cash account
Cash account to Bank account
Cash account to Cash account
Cash account to Bank account
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what is debit/credit note ? what deffered income and expencess?
hii,i was appeared in recruitment process of Catholic Syrian Bank.Interview question were general banking related... as what is crr,calling rate, current inflationrate etc
i am called for interview but im getting confused wt sort of questions i wd have to face,its a bank job and post is cash ofiicer please help me.
whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account
plz tell me the finance questions asked in hsbc latest question asked in hsbc?
how to do the finalise of account? what is the step? why we need to do like that?
Expand-------MTRS
what is difference between account and accounting
Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance
why gross profit transfering to profit & loss account
What type of questions are asked for Interview of Manager Finance in Airport Authority of India ?
bill to addres? ship to addres? rimit to address?
what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year
let me know the meaning and Nature of cash
how to maintain stock if any entry mismatch pllzz tell me short cut