Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
- 0 Answers
- 980 Views
- I also Faced
- E-Mail Answers
No Answer is Posted For this Question
Be the First to Post Answer
what is buy bach shares?
Short Answer on ___________Appreciation
How much is the need for journals in accounting?
What is Goods Lost by Fire/Accident/Theft ?
what the course to be necessary after Graduation for professionl Accountant
what is the difference between a call option and a put option?
when the creditors shows debit balance
what is reconsilation@
5 Answers ADP, Infosys, Xchanging,
What is Contra Entry?
37 Answers Ferguson, RG Group, TCS,
Expand---------PED
Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
entries of Bills in advance and bills in arrears?
Audit 
