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A payment via contra refers to a method of settling debts or transactions by offsetting amounts owed between two parties instead of making a direct cash payment. This practice is often used in business arrangements where one party owes money to another, and the second party has a reciprocal obligation. By applying the amounts against each other, both parties can simplify their financial dealings and reduce cash flow requirements.
What else can I help you with?
What is a contra payment?
A contra payment occurs where you owe money to someone, but they also owe money to you, therefore the debt of the person owing the lower amount is cancelled, the other only needs to pay the difference, and it all comes out even. In accounting software you might set up a "contra account" to be able to handle such a transaction.
What are the rules for posting the cash payment journal to the ledger?
credit bank, debit all contra accounts :)
What is remmitance?
Well, not sure about the spelling, but REMITTANCE means: 1. This is a payment via bank 2. Or a paper from bank confirming the payment
Can you please confirm if the payment has been processed successfully by checking via email?
Can you confirm if the payment went through by checking your email?
Do you have Contra Funds in India?
Some of the leading Contra Funds available for us to invest are: 1. ING Contra Fund 2. Kotak Contra Fund 3. L & T Contra Fund 4. SBI Magnum Sector Funds Umbrella - Contra 5. TATA Contra Fund 6. UTI Contra Fund and 7. Religare Contra Fund
How do you check payment?
You write a check on your checking account and send it via US mail.
Can I make a payment on a friends credit card he used to purchase a ticket for me if I have the details via intenet?
Yes, you can as long as you have his credit card # and payment address.
How limitations of traditional payment intruments are overcome by electronic payment system?
The limitations of traditional payment instruments are overcome by electronic payment systems that allow people to pay for things via credit card quickly online.
How do you make check payment?
You write a check on your checking account and send it via US mail.
What has the author Contra written?
Contra. has written: 'Kesmasolin'
How does one make an Old Navy credit card payment?
To make an Old Navy credit card payment one has to visit their website. An account and password are required. It is also possible to make a payment via check.
Is it possible to send a check via email?
No, it is not possible to send a physical check via email. However, you can use online payment services to send money electronically.
