Write the difference among journal voucher and contra, Accounting Basics

 Journal voucher is the voucher in which all the adjustment related entries and non cash non bank transactions are come ijournal eg-dep, some of them book the bills in journal and

whereas they make a payment they record in payment eg-contractor bill

Contra appears two times in two sides of a account an account will be care for as contra when

1, Cash deposited in bank

2, cash with drawn from bank for office use

3, cheques deposited in bank

4, transfers from one account to another account

 

Posted Date: 3/30/2013 3:19:19 AM | Location : United States







Related Discussions:- Write the difference among journal voucher and contra, Assignment Help, Ask Question on Write the difference among journal voucher and contra, Get Answer, Expert's Help, Write the difference among journal voucher and contra Discussions

Write discussion on Write the difference among journal voucher and contra
Your posts are moderated
Related Questions
One of the companies for which you provide accounting services offers office cleaning services and has 8 customers. Cleaning services are provided in the evenings, Sunday throu

Distinctions between management and financial accounting We can observe that management accounting is less constrained than financial accounting. It may draw from a range of s

Data evaluation is observed as the most significant activity in accounting recently. Evaluation of data comprises controlling the activities of business along with the assist of bu

It is a national organization of female accountants in America that plans to further the interests of women in the accounting career. The American Society of Women Accountants (ASW

Q. External users of accounting information? The external users of accounting information grouped into groups; everyone has different interests in the company and wants answers

I''m trying to figure out how do do a journal entry. The question reads...a company purchased land worth $49,000 for an office by paying $6,300 in cash and signing a long term note

Q. What is Prepaid expense? A prepaid expense is an asset pending assignment to expense such as prepaid rent, prepaid insurance and supplies on hand. Note that the character of

ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account. elaborate on the statement and explain why journal is neces

Q. Example of Electronic spreadsheets? Electronic spreadsheets have many applications in accounting. An electronic spreadsheet is basically a large blank page that contains row

Ask 1. What is the organization that is responsible for setting International Financial Reporting Standards? 2. What is the main company that Professor Levine uses for illustratio