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
State the steps of Merchandise inventory 1) TRANSFER THE BEGINNING INVENTORY FIGURE Debit INCOME SUMMARY for beginning inventory amount. Credit MERCHANDISE INVENTORY fo

Q. Explain accounting cycle? Creditors, Investors as well as Managers use these statements in evaluating management's past decisions and as a basis for making future decisions.

Antidilution of Ownership The right of an investor is to continue the same percentage ownership of an organizations main stock in the event that the organization issues more s

WHERE DO I START? I have two questions QUESTION1 On March 31, 2010, our company, Harry Yolo, purchased a 100,000. 8% 10-year bond for 102 from Fish Gimp, due in 6 years & 8 months

A high school counselor needs to show whether the teenage pregnancy rate at her school is disimilar from the rate nationwide. She knows that the rate nationwide is 15 %. She random

Q. Explain about financial statement? The income statement is the statement of retained earnings the balance sheet and the statement of cash flows of Metro Courier Inc demonstr

current and non current liabilties

How to create account for barter transactions? As My Company is providing a service to another company and that company is reimbursing us with his service.

“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.

Q. Interest rate implied in cash discounts? Interest rate implied in cash discounts to decide whether you should take benefit of discounts by using your cash or borrowing makes