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What are the examples of contra voucher?

Updated: 12/19/2023
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# Cash account to Bank account # Bank account to Cash account # Bank account to Bank account

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Q: What are the examples of contra voucher?
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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 a Contra Mutual Fund?

A Contra Fund is another type of Equity Mutual fund that has a contrarian view to investment which is supposed to be the opposite of the view that regular MF's take. Theoretically speaking, a contra fund is one that invests in stocks that are out of favour with investors and are being sold/avoided by them but have the potential to grow in the long term. A regular MF manager will avoid such stocks while the fund manager of a contra fund will go in search of such stocks

Related questions

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


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


How can you entry in tally if cash deposit in bank?

If it is contra entry :Go to ACCOUNTING VOUCHER in tally 9 , after that mouse left click on CONTRA box on your left side or press F4, and then select BANK under Accounts , and select CASH under PERTICULARS.