Contra entry
This query is : Resolved
20 May 2014
I had two bank accounts..
when i tranfer amount from one bamk to another..whether it is treated as a contra entry ?
whether answer differs if i deposit the cheque given by my client to me.
when i tranfer amount from one bamk to another..whether it is treated as a contra entry ?
whether answer differs if i deposit the cheque given by my client to me.
Sandeep Dharar
(Expert)
20 May 2014
1st one is contra entry.
2nd one is receipt.
2nd one is receipt.
Rupesh Jain
(Expert)
23 May 2014
ist entry is contra entry
2 nd is entry of receipts entry of receipts form customer
2 nd is entry of receipts entry of receipts form customer
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