Answer Posted / suman sharma
in case of payment chq bounce:
Dr. Bank A/c
Cr. ------ Party A/c
just a reverse in case of Receipt the cheque :
Dr. ---------------- Party A/c
Cr. ---------------- ----------- Bank A/c
Is This Answer Correct ? | 22 Yes | 3 No |
Post New Answer View All Answers
what is the nature of profit and loss approprition account.which entity prepare this.
what is the entry for toll gate fee
How use Budget in SAP, i want to see the report of variant between budget and actuals.
when an amountis declared as NPA by a bank whether any interest can be debited to that account after the date it is declared as NPA ? What are the guidelines of Reserve Bank of India in this respect ?
Hi, I am working at Himachal Pradesh, there we pay entry tax for purchase other state. but now govt decide this tax will be deposited with Sale Tax return, now my question is that where column i show this tax or which challn i deposit this tax
Tell us what is the abbreviation for the accounting terms debit and credit?
Pls tell me the basic rules of accounts for interview in finanace or accounts section
How do you build a successful business relationship?
In a housing society accounting if a defaulter having dues consisting of principal amount and simple interest, pays a part amount whether the received amount should be adjusted first against the interest dues and accordingly reduce the balance principal dues or adjusted only against the principal amount, allowing outstanding simple interest to contineously increase/
Tell me what do you believe makes a successful account executive?
How do you add/remove a payment block for particular invoice ?
What do you think is a bank reconciliation statement?
What is accrual accounting?
how will you adjust voluntary seperation payment in cash flow statement
Particulars Dr Cr Capital 10,000 Machinery 3000 debit 2500 1400 sales - 14,500 drawings 900 purchase 9500 wages 5000 bank 1500 Opening balance 2000 rent 450 salary 200 carriage 150 total ___________ _________ 25,900 25,900 ____________ ________ how to find closing stock as on 31st dec,1998. wages outstanding 200/- sunnery expenses outstanding 100/- rent prepaid 100/-