If you wish to create a new contra entry in the system, then click on “Create Contra Entry” option available in the drop-down list of Finance Module. When you click on the given option, create contra entry page appears in which you have to enter the essential details of the contra. The details include:- 1) […]
Category: Contra Entry
According to the accounting principles, a Contra 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 account
• Cash account to Bank account
• Bank account to Cash account
• Bank account to Bank account
Contra List
After creating a contra entry, if you wish to see the entire contra entries of the system, then click on “Contra List” option available in the left hand panel. When you click on this option, a list of entire contra list appears on your screen with their details that include document number, debit amount, credit […]