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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 is the history of wire transfers?
Wire transfer, bank transfer or credit transfer is a method of electronic funds transfer from one person or entity to another. A wire transfer can be made from one bank account to another bank account or through a transfer of cash at a cash office.
Can you deposit cash at Indian overseas bank account without having sbi account?
i have put in my money in gulf country and same time transfer in tamilnadu Indian overseas bank account
What is the meaning of indirect transfers as the method of transferring money?
Indirect transfer as a method of money transfer is made from one bank account to another bank account. This is a cash transfer made in any cash office.
What s mean contra posting?
As per the Accounting Principles, a Contra entry is a transaction involving transfer of cash between one Cash A/c to another (e.g. main cash to petty cash )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
Can you transfer cash to a debit card?
Yes, you can transfer cash to a debit card by depositing money into your bank account linked to the debit card.
Is a wire transfer considered cash?
No, a wire transfer is not considered cash. It is a method of electronically transferring funds from one bank account to another.
How can I transfer money from my credit card to my bank account?
To transfer money from your credit card to your bank account, you can typically do so through a cash advance or a balance transfer. A cash advance allows you to withdraw cash from your credit card at an ATM or bank, which you can then deposit into your bank account. A balance transfer involves moving money from your credit card to your bank account by transferring the balance from one account to the other. Keep in mind that both options may incur fees and interest charges, so it's important to understand the terms and conditions before proceeding.
What are the examples of contra voucher?
# Cash account to Bank account # Bank account to Cash account # Bank account to Bank account
What is the appropriate account title for transfer of funds to another banks?
Investment Cash in Bank
How to transfer cash from Canada to UK?
Just get the person in Canada to transfer it into your UK account. They just have to tell the bank in Canada they want to 'wire some cash to the UK'. All they need is your bank details - Bank, branch, sort code and account number. The Canadian bank will electronically transfer the funds (in dollars) to the UK - and your UK bank will convert it into Sterling at the rate when the transfer takes place.
What is the journal entry of opened bank account on Nepal Bank Ltd with rs 60000?
To record the opening of a bank account with Nepal Bank Ltd. with a deposit of Rs 60,000, you would typically use the following journal entry: When opening the bank account: Debit: Bank Account (Asset) - Rs 60,000 Credit: Cash or Bank (Asset) - Rs 60,000 This entry represents the transfer of cash from the cash account (or another bank account) to the newly opened bank account at Nepal Bank Ltd.
