0
Contra account is reverse of actual account used to increase or decrease the actual account like depreciation account for actual asset account or drawings account for owners equity account etc.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What is meant by Current Account balance in short?
It is the balance that the bank shows that you have in your account at that time
Who is invented single entry system in account?
i think you meant who has not who is
What is meant by payment term OA 60 days?
OA = open account
What is meant by payment term OA 30 days?
open account 30 days..
If you give somebody the wrong account number and money meant for you has been paid into the wrong bank account can you retrieve the money?
no you can't. once its in there u cant get it out unless, u have the right account number
What is meant by a true account?
True Account is something that is true in a story or a Biography.
What is meant by Current Account balance in short?
It is the balance that the bank shows that you have in your account at that time
What is mean by fictitious account?
what is meant is that an account is fake not real, made up story
What is meant by unilateral transfer account?
it refers to giving the gifts
What is meant by ATP investment stage?
is a type of an account in dota
What is meant by saving bank account?
saving accounts earnings
Who is invented single entry system in account?
i think you meant who has not who is
What is meant by a current account deficit on balance of payment?
it is down
What is meant by payment term OA 60 days?
OA = open account
What is a Coverdell Account used for?
A Converdell Account is used for serious savings. It is also known as Converdell Education Savings Account. It is meant to help parents and students save for education expenses.
What is meant by blocking a bank account?
that means stop make tansection like withdrawals
What is meant by payment term OA 30 days?
open account 30 days..
