Write the difference among journal voucher and contra, Accounting Basics

Assignment Help:

 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

 


Related Discussions:- Write the difference among journal voucher and contra

Break even, xyz manufactures plastic shelving. The annual fixed cost for it...

xyz manufactures plastic shelving. The annual fixed cost for its current injection equipment is $ 100,000 variable cost is $25 per unit. The annual fixed cost for a new system is $

Full disclosure, What is the full disclosure principle

What is the full disclosure principle

Show the chart of accounts, Q. Show the Chart of accounts? Chart of acc...

Q. Show the Chart of accounts? Chart of accounts -- a listing of all accounts or categories into that businesstransactions would be classified and recorded. Every account gener

I am doing a report on finding the major challenges, I am doing a report on...

I am doing a report on finding the major challenges in the future of my university with regards to their revenue and expenses. I have to discuss the main financial obstacles face

Accounting Standards, Write short notes on 5 modern accounting techniques

Write short notes on 5 modern accounting techniques

Ledger, on 1st july,2008,machinery purchased rs10,000 for cash from bhim.gi...

on 1st july,2008,machinery purchased rs10,000 for cash from bhim.give journal entry and prepare ledger accounts.

Prepare the company''s bank reconciliation, Honolulu Cookie Company provide...

Honolulu Cookie Company provides the following information in order for you to prepare the company's bank reconciliation:                                    Balance per company

Define expenses in terms of accounting, Q. Define Expenses in terms of acco...

Q. Define Expenses in terms of accounting? Expenses are outflows or else other using up of assets or incurrence of liabilities (or a combination of both) from rendering service

Altona company, The balance sheet account as of July 31, 1995 for altona co...

The balance sheet account as of July 31, 1995 for altona company are as follows: Capital: (fix lib)                  35,630 Office Equipment (ass)         16730 Delivery Truck

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd