what do you mean by contra entry? and where it is used?
Answer Posted / trupti
contra entry is passed in following cases
1)when there is a transaction between two different banks
i.e transfer of funds from one bank to another or,
2)cash withdrawn from bank or,
3)cash dedposited in bank or,
| Is This Answer Correct ? | 132 Yes | 27 No |
Post New Answer View All Answers
where we use the convetion of conservatisam in real life??
Expand---------SDRT?
Short Answer on ________Ad-Valorem Duties
what types of essays are giving in bank of america. can any one tell the opics? LAVANYA
My BASIC Salary is 18,000
what is cost audit?
Raju put labour charges bill for Rs 65000/- You are directed to deduct 5% security deposit and 1.15% TDS from the bill. Pass journal entry for it
business sepsarate entity concepts
Where to enter bonus and pf esi in tally pls help for me
OUR BOOKS & ITR MISMATCH FOR RS.15000/- ON ACCOUNTS OF TDS ON RECIEPTS FY-09-10 . KINDY GIVE CORRECTION ENTRY TO MATCH THE BOOKS WITHI ITR. DEVENDRASINGH086@GMAIL.COM
can any one tell me what kind of qns are asked in gail entrance test. i m apearing for the exam of accounts & finance. please let me know the ans on my id pragneshmall1@gmail.com
am attend to bank exam(iob)pls send model questions
WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT
Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?
Dear Friends, Please help me with the below, I am new to the current company and newly accountant. My question is, In Balance sheet, Cash in Drawer is showing excess amount and I could not tally it with sales. Please guide me how do I need to tally CASH IN DRAWER? I don't want to reconcile. I only want to tally. Please help. Thanks in advance.