commision of rs-150 paid but charged to interest
account,journal entry
Answers were Sorted based on User's Feedback
Answer / iasam
Wrong entry :-
Interest A/c----------- Dr.150
To Cash/Bank A/c 150
Should be Entry :-
Commission A/c-----------Dr. 150
To Cash/Bank A/c 150
Right Entry :-
Commission A/c ------Dr 150
To Interest A/c 150
| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / naveen meharahi
We will have to rectify ....
Int. A/c...... dr. 150.00
to Commission... 150.00
| Is This Answer Correct ? | 10 Yes | 9 No |
Answer / guest
Interest A/c ........Dr. 150
To Commission A/c Cr. .....150/-
| Is This Answer Correct ? | 0 Yes | 3 No |
how to enter in tally propritor has withdrawl cash from the business
What are the advantages of computer accounting over paper accounting?
Where is the reserve
what is provisions ?
HOW GET DUTY AND DRAWBACK ? ON WHICH TYPES ITEMS WE GET DUTY DRAW BACK?
over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured
How can I date change in tally whenever new voucher entery. When I press F2 I can change the date only 1,2&31. When I feed other dates like 12,15,17, 21 etc. not changed. Please tell me how can I change the all voucher dates.
Journal Entry:- Till taking for the months Rs 10000.
why bank interest comes in indirect exp. in accounting method? what it is the TDS?
Difference between expense and expenditure ?
we have worng credit in Rs.10000 in bank a/c on 31/03/201 so Please give your idea in matter . what entry made in book of accounts.
Any income which is earned in the current financial year (2009-10) but received in the assessment year(2010-11) wil be taxable in the current financial year or not?