Interested to Buy Any Domain ? << Click Here >> for more details...
when we compare to bank statement with the our pass book
the enteries are opposite why this happens?
- 1 Answers
- 3372 Views
- I also Faced
- E-Mail Answers
Answer / safayat
When we deposit any amount in the bank account, we increase
our bank balance by debiting in our pass book. As that is
our asset. But for bank, the amount we deposited is a
liability for the bank as the bank is liable to give us the
amount back. So, the bank in their book make our deposited
amount a credit entry. We know, liability is always credit.
| Is This Answer Correct ? | 3 Yes | 0 No |
how i will pass the journal entry for the shipping charges
What is the Meaning of Current ratio?
what is good will
what is the journal for bank charges? Give me sms on this no. 9885789716
On goods purchases of Rs.2,00,000 got trade discount of 20,000 from supplier, and the amounts paid to supplier is 1,00,000 in cash and RS.1,00,000 in check on the same day, what would be the general ledger entry ?
1. our co., start from 20.05.10 but at the time to till our capital invested m.d spend Rs:98000 as food,refreshment,rent guesthouse,travelling exp e.t.c., now we want to return to him (i.e) all the expenses (amount will pay may be 17.08.10, how to account it in tally for the expenses of M/D . and payment entry. I need the help
What is the provision? What is the entry for provision?
My Annual salary 180000/- and house rent income 24000/- and for 2009-10.LIC paid Rs 18000/- annual and 3500/- mediclaim so please explain me with detals how caluclate the tax which is paid to department. Please give all details of calucation.
How many ways can i increase paid up capital? Can i use retained earnings and change into paid up capital? If yes, what are the entries in the books?
how to posting tally esi employer contribution and pf employer contibution not included in salary
In Balance Sheet Why we entered Liabilites & Incomes under Liabilites side , Assets & Expenditures under Assets side.In general think incomes are asssets,expenditures are liabilites.
journal
Audit 
