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

shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?

0 Answers  

My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.

0 Answers  

is depreciation a fictious assets?

2 Answers  

A Company has not deposited its ESI /PF dues from 01-04-10 till 31-12-10 in a year (Both the shares). What is the maximum time limit for that and is the liability as on date. Management wants to daly at the maximum, but want the calculations of each & every aspect- monthwise. The avrerage no. of employees are 50 and the salary is around 2.00 to 2.5 Lacs per month.

0 Answers  

How to maintain the reserve a/c inspite of the withdrawls in a propreitorship and ways to reduce the gap of excess current assets to the less current liabilities.

0 Answers  

What is the difference between depreciation and amortization?

0 Answers  

what means accounts

1 Answers  

What is Fixed Assets? How many depreciation types are there? How to apply depreciation on assets in a year?

2 Answers   Cognizant,

What qualification do you need to become an accounting professional?

0 Answers  

What do you think is a bank reconciliation statement?

0 Answers  

what is tds rates for company / indivisuals?

1 Answers  

I have 3 units, can i vat returns all the three units only one vat form

2 Answers