Answer / vidhya

All accounting transactions are recorded through journal
entries that show account names, amounts, and whether those
accounts are recorded in debit or credit side of accounts.
general exp alc dr
cash a/c cr

payment enteries
cash a/c dr
bank a.c cr

Answer / seema pandey

Journal entry means when ,No cash Dr.or No Cash cr. in the
Journal Books. suppose we purchase a machine for amount Rs.
5000 from Rama & company. then I"ll entered in journal Book

Journal Book
Machine /Fixed Assets Purchase A/c Dr.
party name

payment entry is -
Rama & company A/c dr.
Cash / bank A/c
By being amount paid to rama & company for purchase
machine .)

Answer / litu

JOURNAL ENTRY IS THE ADJUSTMENT ENTRY WHICH WILL PASSED IN ORDER TO ADJUST THE ACCOUNT.
SUPPOSE SALARY DUE, SO ENTRY WILL BE
SALARY A/C DR
TO SALARY PAYABLE A/C

WHEN SALARY ACTUALLY PAID IN CASH OR CHEQUE IT WILL BE
SALARY PAYABLE DR
TO CASH/BANK A/C

what is amortization?

5 Answers   HP,

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X draws a bill on Y for Rs 20,000 for 3 months on 1.1.05. The bill is discounted with banker at a charge of Rs 100. At maturity the bill return dishonoured. In the books of X, for dishonour, the bank account will be credited by Rs. (a) 19,900 (b) 20,000 (c) 20,100 (d) 19,800

1 Answers  

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what is the difference between derivatives and swaps

9 Answers   Capital IQ, FactSet Systems,

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How do you classify errors in accounting?

0 Answers  

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3 Answers   ITC Infotech, TCS,

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Our company deposited an amount of 20000 as FD . After the maturity period we are not received any interest and the bank deducted 2938 amount as TDS from our interest and added the interest to the principle amount and renewed the FD. then what is the journal entry for the same.

2 Answers   Spice Telecom,

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differences between liabilities and assessts

1 Answers  

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0 Answers  

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Volga is a large manufacturing company in the private sector. In 2007 the company had a gross sale of Rs.980.2 crore. The other financial data for the company are given below: Items Rs. In crore Net worth 152.31 Borrowing 165.47 EBIT 43.17 Interest 34.39 Fixed cost (excluding interest) 118.23 You are required to calculate: a. Debt equity ratio b. Operating leverage c. Financial leverage d. Combined leverage. Interpret your results and comment on the Volga’s debt policy

1 Answers  

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Golden rules of Accounts

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Tell me in accounting, how do you define premises?

0 Answers  

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if you are a hard working nature conclude your self?

0 Answers   Bank Of America,

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