CHAPTER 1: INTRODUCTION TO BOOK KEEPING - Heramb Classes
44) CONTRA ENTRY: Contra Entry means the entry which is made on both the sides of the three column cash book. 45) CHEQUE: A Cheque is an ...
STUDY NOTES FUNDAMENTALS OF ACCOUNTING - ICMAIDouble entry principle means writing twice the same entry (FALSE). 7. Credit means increase in liability and decrease in asset (TRUE). 8 ... Accounting Entries User Manual Release 5.0.2.0.0 Part No E52129-01Global Assumption. Note: All dates in DD/MM/YYYY. If the transaction branch and the account branch are the same, no Inter branch entries ... Accountancy - scstrtiThe transaction which are related to cash and bank account and affect them simultaneously, are passed through an entry known as contra entry. 26. All petty ...
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