Answer / preeja

bank account dr

To cash

Answer / genius

Come will open that means only a statement
journal entry record only those transaction which are financial in nature. Statement or order cann't find place in the book of journal.

If only asked "to open bank Account" then the entry will be
Bank A/c .......Dr.
To Cash A/c

Answer / ramesh

Bank A/c Dr.

To Cash A/c

Answer / pravesh vijaywargiya

Bank a/c debit
To cash a/c

Answer / pranesh debnath

Gain arising from transfer of Capital Assets is known as Capital Gain

Answer / balaji

Bank a/c Dr
To cash a/c

Answer / gandhimathi

yes

Please let me know in which Section we can disallow loss on sale of assets which has been debited in profit and loss account

1 Answers   Genpact,

What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,

0 Answers  

ten example of direct income

1 Answers   Genpact, HCL,

Explain the impact of working capital in general business activities?

1 Answers   Accenture, Capital IQ,

i purchase one computer @Rs.30,000 i issued PDC's then when i enter all pdc's in tally at a time or any other pls. tell me

3 Answers  

Hi sir, Our appointed one agent for sales promotion activities. This agent doing the job "canvas of our product". My quires 1)it is eligible for service tax and how to accounted. 2) this transaction is direct expenses or direct expenses? Pl suggest me

0 Answers   Supraveni Chemicals,

What is the difference between depreciation and amortization?

0 Answers  

The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2

0 Answers  

Can anybody answer to my question fictitious assets journal entries 

0 Answers  

what is miscellaneous expenditure??

1 Answers   Accounting,

Suppose salary of march paid in april then what are the entries to be made in Tally in march and april and salary payable ledger to be created under which group? and salaries to staff ledger to be created under which group? What will be the journal voucher entry and payment voucher entry?

1 Answers   TCL,

The number of production or similar units expected to be obtained from the use of an asset by an enterprise is called as _________ (a) Unit life (b) Useful life (c) Production life (d) Expected life

1 Answers