In our company we are making payment through X bank and again we opened a new account in Y bank and we deposited cash in this bank rs.10000.and cash is used from X bank. then what will be the entry & how to adjust with old bank

1 Answers   ABC,

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what is the relation of accounting subject with other subjects like economics commerce and statistics?

1 Answers   TATA,

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Journalize the Following: 2. Monthly credit sales were $ 35,000 3. Received Cash receipt payments on Receivables in the amount of $ 10,000. 4. Customers’ cheque in the amount of $ 100 bounces and was re-deposited. Book both entries. 5. Material is bought on account for £ 100,000. The exchange rate is Four pounds to One Dollar. Then, later, merchandize is paid for. The exchange rate is Five pounds to One Dollar. Book both entries in Dollar when merchandize is bought and when it was paid. 6. Materials worth $ 20,000 was purchased on account and paid for with 1% discount. Book both entries. 7. Record the purchase of Direct Material on Account in the amount of $ 20,000. Half of it was for stock and the other half for a specific job order. 8. Record the disbursement of $ 1,000 raw material to shop floor for use on specific job

0 Answers  

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What is partnership accounting?

0 Answers  

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Expand ctc cheque?

0 Answers  

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Outstanding Income & Advance income - Will it be shown in P&L..? In b/s which side, it will be shown..?

11 Answers  

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What is BRS

6 Answers  

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Where it will effect in the Balance sheet, Rs. 5000/- of Bad Dept ??

7 Answers   Focus,

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Tell me under the accrual basis of accounting, when revenues are reported in the accounting period?

0 Answers  

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can an accountant handle all the accounting transaction without any type of help from any person?

1 Answers  

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who is debtor? who is creditor?

15 Answers  

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Give 15 examples for real and nominal accounts

1 Answers  

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