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What are the examples of contra account?
Examples of Contra Accounts are Accumulated Depreciation and Provision for Doubtful Debts
Definition of contra assets?
Contra assets are asset accounts with creditbalances. (A credit balance in an asset account is contrary-or contra-to an asset account's usual debit balance.) Examples of contra asset accounts include: * Allowance for Doubtful Accounts * Accumulated Depreciation-Land Improvements * Accumulated Depreciation-Buildings * Accumulated Depreciation-Equipment * Accumulated Depletion * Etc. source: http://www.accountingcoach.com/online-accounting-course/05Xpg01.html -- amir
Is a prepaid voucher a form of money?
a prepaid voucher is a debt of the company you got it from, but has no physical wealth unless redeemed at that business
Is delivery equipment a contra asset account?
No, it is not a contra asset account. By definition, a contra asset account is an account which typically carries a credit balance and is used to accumulate amounts that are reductions of assets. Two common contra asset accounts are Allowance for Uncollectible Accounts Receivable and Accumulated Depreciation. If the delivery equipment is owned by your company then it should be considered an asset.
What is the deadline for submitting the Virginia estimated tax voucher for the year 2015?
The deadline for submitting the Virginia estimated tax voucher for the year 2015 is January 15, 2016.
What is contra voucher?
Contra voucher is use to cash or bank entries. where dr or cr is cash or bank.
What are the examples of contra account?
Examples of Contra Accounts are Accumulated Depreciation and Provision for Doubtful Debts
How do you use single voucher for payment and receipt entry in tally 7.2?
In Tally 7.2, to use a single voucher for both payment and receipt entries, you can utilize the "Contra" voucher type. Start by selecting "Accounting Vouchers" from the Gateway of Tally, then choose the "Contra" option. Enter the relevant details for both the payment and receipt within the same voucher, specifying the appropriate account heads and amounts for each transaction. Finally, save the voucher to complete the entry.
What are the examples of capital contra account?
is accumulated depreciation a contra account
You what to tally 7.2 shortcut key?
i want to one side and other side tally transfer youse in email
Which type of voucher entry can be done by suing f4 button?
Contra - Cash withdrawal from Bank or Cash deposited to Bank
Examples of voucher entries in tally?
Bad Debts
How can you check status on section8 voucher for Contra Costa if you on the waiting list?
The best thing you can do is call and find out. They may or may not have online capabilities for this.
What is contra voucher in accounting?
A Contra voucher entry is a transaction involving transfer of cash between one Cash A/c to another or one Cash A/c to another Bank A/c i.e., is a transaction indicating transfer of funds from:Cash account to Cash accountCash account to Bank accountBank account to Cash accountBank account to Bank account
What are some examples of contra asset account?
Accumulated deprciation
What is contra entry?
an entry made in the opposite side of an account to offset an earlier entry, for example, a debit against a credit
Give some examples of contra asset account?
Accumulated Depreciation
