Contra Entry: I have deposited some amount from company
account kannur branch to H.O. bank account. both pnb. What
will be the contra entry for this transaction?
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Dr Bank A/c --- xxx to concerned branch a/c ---xxx
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Answer / eranna
kannur bank a/c Dr.
punjab bank a/c dr.
to cash a\c
(being cash will going out out of the business)
| Is This Answer Correct ? | 1 Yes | 5 No |
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Short Answer on____________Analysing
Q1. Assuming that a firm pays tax at a 50 percent rate, compute the after tax cost of capital in the following cases: 1. A 8.5% preference share sold at per. 2. A perpetual bond sold at per, coupan rate of interest being 7per cent. 3. A ten year, 8 per cent, Rs. 1000 per bond sold at Rs. 950 less 4 percent underwriting commission.
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Expand--------OTA
Expand ------DCGI
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